The management of RBL Bank addresses the prevailing concerns around the bank which is based on misinformation, and warrants clarification.
RBL Bank Is Well Capitalized:
As per the statement, the Bank remains adequately capitalized with a capital adequacy ratio of 16.08% with Tier-1 at 15.02% (Significantly higher than the prescribed regulatory requirement at 11.5% and 9.5% respectively).
No Adverse Change In Asset Quality:
“There has been no material adverse change in the asset
quality since we announced our Q3 financial results on Jan 22, 2020 and our guidance remains consistent,” it added.
Healthy Liquidity:
The Liquidity Coverage Ratio (LCR) is at 145% of statutory requirements as at the end of last week.
Growth is on Track:
According to the statement, “All business segments are doing well, we continue to expand presence across newer geographies by adding branches and are also hiring more people as previously planned. The Bank continues to attract additional deposits from retail, corporates and institutional segments.”
Management Remains Firmly Committed:
As per the Bank statement: “The management team of RBL Bank is fully committed to develop the institution to the next level and our growth journey remains intact.”
Adding to it, the Bank stated, “We wish to re-emphasize that RBL Bank is a fundamentally strong institution. Rumors around financial health and stability of the institution especially in social media seem to be misplaced, motivated and not based on facts.”
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