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RBL Bank financial position remains satisfactory, says RBI

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Mumbai:The Reserve Bank of India (RBI) has clarified that RBL Bank is well capitalised and the financial position of the bank remains satisfactory and there is no need for depositors and other stakeholders to react to speculative reports related to banks.

In its notification, the Central Bank further stated that as per half-yearly audited results as on 30th of September, the bank has maintained a comfortable Capital Adequacy Ratio of 16.33 per cent and Provision Coverage Ratio of 76.6 percent.

The Liquidity Coverage Ratio (LCR) of the bank is 153 percent as on 24th of December as against 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 or supervisory matters.

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