RBL Bank Managing Director (MD) and Chief Executive Officer (CEO) Vishwaveer Ahuja has recently resigned.With this, the bank has appointed Rajeev Ahuja, current Executive Director as its interim MD and CEO.
The Reserve Bank of India (RBI) has appointed Yogesh K Dayal, the bank’s chief general manager, as an additional director on board.He will remain on the board until December 23, 2023, or until further orders from the RBI.The bank informed the exchanges that the board had approved the Vishwaweer Ahuja’s resignation.
RBL has written a letter to AIBEA Finance Minister Nirmala Sitharaman, alleging that the situation at the bank is becoming alarming.
YES Bank and Lakshmi Vilas Banks have expressed concern over the impending crisis.Against this backdrop, Vishwaweer Ahuja resigned.
The unions allege that the bank had over-sanctioned retail loans, microfinance and credit cards and failed to collect them properly in the wake of weak financial conditions.
CEO Rajeev Ahuja recently reacted to recent outcomes in RBL Bank.“No problems were reported in the quality of the bank’s assets.If there are any other problems, will fix them,” he said.
He expressed confidence that they will announce better results in the December quarter compared to the September quarter.
