RBL Bank - Deposit Outflow, Succession Plan Remain Monitorables: Dolat Capital

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Dolat Capital Report.On December 25, 2021, the Reserve Bank of India appointed Yogesh Dayal as additional director in RBL Bank Ltd.'s board for two years, followed by incumbent Managing Director/Chief Executive Officer going on leave and appointment of Rajeev Ahuja, Executive Director as interim MD and CEO. Historically, RBI has taken such actions only in grave situations, raising concerns over the reasons behind the move. While the management has alluded to continuation of current strategy and no deviation in credit costs guidance, any large outflow of wholesale deposits remains a monitorable. Moreover, concerns over a possible third Covid-19 wave could again have an impact on RBL Bank’s already vulnerable micro finance institution/credit card portfolios..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

RBL Bank - Deposit Outflow, Succession Plan Remain Monitorables: Dolat Capital

RBL Bank - Deposit Outflow, Succession Plan Remain Monitorables: Dolat Capital

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