No alarming fund outflow at RBL, says bank official
The Morning Standard|December 28, 2021
RBI allays depositors’ concern over unexpected leadership change
RAM SAHGAL

THE Reserve Bank of India’s (RBI) clarification to allay depositor panic on the unexpected leadership change at RBL Bank and appointment of an additional director by it to the bank’s board seems to have provided some reprieve to the lender.

An RBL Bank official requesting anonymity told TNIE that shortly after the RBI statement, “....some large -ticket fund withdrawal requests were cancelled. Fund outflow today though elevated was not alarming.”

The official added that a war room to address depositor queries had been set up and that greater clarity on depositor drawdowns would emerge by the end of the day.

“The Reserve Bank would like to state that the bank is well capitalised and the financial position of the bank remains satisfactory,” the regulator said in a press release on Monday. The RBI noted that the bank had a “comfortable” capital adequacy ratio of 16.33% and a liquidity coverage ratio well in excess of the regulatory requirement.

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