RBL Bank - Uncertainty Looms: ICICI Securities

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..ICICI Securities Report.Uncertainty looms at RBL Bank Ltd. with the Reserve Bank of India’s appointment of Additional Director on bank’s Board and the Board accepting Mr. Vishwavir Ahuja’s (Managing Director and Chief Executive Officer) leave for six months. More so, after management highlighting that these developments are not in any manner a reflection on business fundamentals or strategy of the bank. It reiterates its guidance of 1% exit return on asset by Q4 FY22. RBI’s similar action at other banks in the past has hinted at compliance or asset quality or governance or business risk issues. Repercussion of this move on various stakeholders (including depositors, employees, etc) and consequent derailment of confidence and disruption would be key monitorable going forward. .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 - Uncertainty Looms: ICICI Securities

RBL Bank - Uncertainty Looms: ICICI Securities

Choose a plan