The Reserve Bank of India (RBI) issued a press release regarding RBL Bank Limited’s current situation. RBI state that the bank is well capitalised and the financial position of the bank remains satisfactory.
Date : Dec 27, 2021
Statement on the RBL Bank Limited
There has been speculation relating to the RBL Bank Ltd. in certain quarters which appears to be arising from recent events surrounding the bank.
The Reserve Bank would like to state that the bank is well capitalised and the financial position of the bank remains satisfactory. As per half-yearly audited results as on September 30, 2021, the bank has maintained a comfortable Capital Adequacy Ratio of 16.33 percent and Provision Coverage Ratio of 76.6 percent. The Liquidity Coverage Ratio (LCR) of the bank is 153 percent as on December 24, 2021 as against the regulatory requirement of 100 percent.
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 / supervisory matters.
As such, there is no need for depositors and other stakeholders to react to the speculative reports. The bank’s financial health remains stable.
Press Release: 2021-2022/1422
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