RBI issues statement on RBL Bank, says bank’s financial position remains satisfactory

The Reserve Bank of India has issued a statement on RBL Bank after the private lender's shares tanked sharply in early trade on Monday. Here is all you need to know.

The Reserve Bank of India (RBI) has issued a fresh statement after shares of RBL Bank hit the lower circuit of 20 per cent in early trade on Monday.

Shares of the private lender tanked sharply in early trade after brokerages downgraded the stock as the Reserve Bank of India (RBI) appointed chief general manager Yogesh Dayal as an additional director in RBL Bank for up to two years from December 24, 2021.