Reserve Bank of India approves the appointment of Rajeev Ahuja as Interim MD and CEO of RBL Bank
- ByTejika Bajaj | December 30, 2021
The chief financial regulatory authority of India, RBI (Reserve Bank of India) has recently approved the nomination of Rajeev Ahuja as the Interim Managing Director and CEO (Chief Executive Officer) of the RBL Bank for a duration of three months or till there is a regular appointment made for the post.
This announcement was made in the sudden turn of events whereby the former MD and CEO of RBL Bank Vishwavir Ahuja was dismissed on a leave and Rajeev was elevated. The sudden departure of the former CEO was seen as a result of the appointment of Chief General Manager Yogesh K Dayal on the executive board of the company which isn’t considered as a normal phenomenon.
Approving the appointment of Ahuja as the Interim MD and CEO of RBL Bank through its regulatory filings, the Reserve Bank stated, “We wish to inform you that Reserve Bank of India vide its letter dated December 28, 2021, has approved the appointment of Rajeev Ahuja as the interim Managing Director & CEO of the bank for a period of three months with effect from December 25, 2021, or till the appointment of a regular MD & CEO, whichever is earlier.”
With the recent appointment of an Interim MD and CEO, multiple speculations have sparked thus questioning the financial stability and internal management decisions of the financial institution. The RBI however cleared the air by announcing that RBL Bank is financially strong and stable.
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