In this situation, the Reserve Bank has intervened in the management of RPL Bank. Yogesh K Dayal has been appointed as the Additional Director. With his appointment, changes have begun to take place in the management of RPL Bank.
Director and CEO Viswaveer Ahuja has suddenly demanded that he go on leave for medical reasons. The bank board accepted his request.
It is unknown at this time what he will do after leaving the post. The bank’s board has also approved the appointment of Rajiv Ahuja as interim managing director and chief executive officer.
RPL Bank’s share price has also fallen sharply in the wake of these changes. Shares traded as high as 23 percent in Monday’s trade, falling more than 18 percent at the close of trading.
In this context, experts on RPL Bank said, “Subsequent events at RPL Bank have created tension among investors. The reason is that 17.49 per cent stake in the bank is held by small investors.
The question arises as to whether the bank will go bankrupt due to poor financial condition. But the RBI said in a statement that the appointment of an additional director had nothing to do with the bank’s financial position.
At present, the activities of the bank need to be made clear about the real situation regarding the changes taking place in the management. “
.