RBL Bank "Well Capitalised", Financial Position Remains Satisfactory: RBI
NDTV
The Reserve Bank of India (RBI) on Monday stated that RBL Bank Ltd "is well capitalised and the financial position remains satisfactory."
New Delhi: The Reserve Bank of India (RBI) on Monday stated that RBL Bank Ltd "is well capitalised and the financial position remains satisfactory." The clarification, RBI said, comes amid "speculation relating to the RBL Bank in certain quarters which appears to be arising from recent events surrounding the bank."
"As per half-yearly audited results as on September 30, 2021, the bank has maintained a comfortable Capital Adequacy Ratio of 16.33 per cent and Provision Coverage Ratio of 76.6 per cent. The Liquidity Coverage Ratio (LCR) of the bank is 153 per cent as on December 24, 2021 as against regulatory requirement of 100 per cent," the Reserve Bank notification read.
"Further, it is clarified that appointment of Additional Director/s in private banks is undertaken under Section 36AB of the Banking Regulation Act, 1949 as and when it is felt that the board needs closer support in regulatory or supervisory matters," it added.
"As such, there is no need for depositors and other stakeholders to react to the speculative reports," the RBI notification further mentioned.
