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RBL Bank allays fears after CEO’s sudden exit, RBI move

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3 years ago

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RBL Bank allays fears after CEO’s sudden exit, RBI move

The sudden departure of Vishwavir Ahuja as CEO and the banking regulator’s move to send his nominee to the board of directors of financial institutions before Christmas have raised concerns about the monetary strength and asset quality of individual lenders.
Although this move shows that the Reserve Bank of India (RBI) is serious about strengthening lenders and ensuring the cleanliness of the management transition, traders believe that this will be a long journey, as new fundraising activities and maintaining current prospects will show up as a problem. New CEO Rajeev Ahuja.

“I will not change the bank’s financial situation little by little. RBI provided its full support, and in our dialogue with it, the regulator did not encounter any problems,” interim CEO Ahuja told ET. “We have to manage the next few days; Ahuja added that this financial institution is sitting on 15,000 crore additional liquidity, which may be enough to deal with any potential concerns arising from the sudden deposit outflow. Ahuja is waiting for RBI’s appointment. He also mentioned that the financial institution is sufficiently capitalized and does not need to increase funds in the next 8-12 months.

On Saturday, the personal lender mentioned in a regulatory document that its managing director and chief executive Vishwavir Ahuja had quickly resigned. After another important announcement, his withdrawal was closed. The banking supervisory authority has decided to nominate its chief basic supervisor Yogesh Ok Dayal as an additional director to the RBL board of directors for a two-year term, which has quickly had an impact.

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“I don’t want to represent the Reserve Bank of India; regulators have a broader agenda, and their nomination is a measure to strengthen the ongoing process,” Rajiv Ahuja said. “I was selected as the successor; both the board of directors and the RBI nominee approved it. The change in leadership was not due to internal developments in the bank.”
Appointing an RBI nominee on the board of a financial institution in the personal sector is almost a kind of energy, and the regulatory agency implements it specifically to protect depositors.

“In the past few years, their clumsy methods failed to spot the brewing troubles of Yes Bank, Lakshmi Vilas Bank, DHFL, PMC, Reliance Capital, etc. and were severely criticized. The Reserve Bank of India must feel the need to precede the panic. The alarm is ringing among small depositors,” said Ajay Bodke, an impartial market analyst.

Earlier this year, RBL sought RBI’s approval to reappoint Vishwavir Ahuja as CEO for a period of three years. Nevertheless, the regulator allows lenders to extend their deadlines by one year, starting on June 30, 2021.

Despite market concerns, RBL traders are still supporting the new guard.

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Akshay Kumar wishes director Priyadarshan on birthday with Bhooth Bangla BTS pic: ‘Surrounded by ghosts…

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3 weeks ago

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January 30, 2025

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Akshay Kumar wishes director Priyadarshan on birthday with Bhooth Bangla BTS pic: ‘Surrounded by ghosts…

Akshay Kumar and Priyadarshan, the acclaimed Indian director, celebrated their 68th birthday on Instagram. Kumar, who has worked with Priyadarshan on several cult comedies of the early 2000s, wished him a happy birthday and called him a mentor. The duo is now back together for their upcoming horror-comedy, Bhooth Bangla.

The first poster of the movie has been released, and it is expected to hit theaters in 2025. Akshay Kumar wore a black fedora and a green jacket, layered over a black tee, and fans have expressed their excitement for their new movie.

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The duo’s dynamic and deep bonding have been praised by fans, who have expressed high anticipation for their new movie. The first poster of Bhooth Bangla has already been released, and the movie is expected to hit theaters in 2025.

Akshay Kumar, the versatile Bollywood actor, recently celebrated director Priyadarshan’s birthday by sharing a behind-the-scenes (BTS) photograph from their upcoming film, “Bhooth Bangla.” In the image, Akshay humorously captioned, “Surrounded by ghosts…” The photo features Akshay alongside Priyadarshan and co-actor Paresh Rawal, all dressed in traditional attire, with a black cat perched on Akshay’s shoulder, adding a whimsical touch to the scene.

Reunion After 14 Years

This collaboration marks a significant reunion between Akshay Kumar and Priyadarshan, who last worked together on the film “Bhool Bhulaiyaa” in 2007. Their partnership has been celebrated in the past for delivering successful comedies like “Hera Pheri” and “Garam Masala.” Fans have eagerly anticipated their return to the big screen together, and “Bhooth Bangla” promises to be a delightful addition to their repertoire.

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About ‘Bhooth Bangla’

“Bhooth Bangla” is a horror-comedy that blends elements of suspense with humor, a genre in which both Akshay Kumar and Priyadarshan have excelled. The film is produced by Balaji Telefilms Ltd in association with Cape of Good Films. The motion poster released earlier this year features Akshay Kumar in a suit, with a cat on his shoulder, licking milk slyly, setting the tone for the film’s intriguing and humorous premise.

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Anticipation and Fan Reactions

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The BTS photo shared by Akshay Kumar has generated excitement among fans, who are eager to see the trio back together on screen. The playful caption and the presence of the black cat suggest that “Bhooth Bangla” will offer a mix of thrills and laughs, staying true to the successful formula of their previous collaborations.

As the release date for “Bhooth Bangla be a significant highlight in the upcoming entertainment lineup. The reunion of Akshay Kumar, Priyadarshan, and Paresh Rawal, combined with the intriguing premise and the playful BTS moments, has set high expectations among audiences. Fans can look forward to a cinematic experience that promises both chills and chuckles.

For a visual glimpse into the making of “Bhooth Bangla,” you can watch the following video Akshay Kumar expressed his gratitude as they once again united for their upcoming movie Bhooth Bangla. This marks a new chapter in their long-standing collaboration since the 2000s. He shared a picture from behind the scenes of their new movie, where it seems like they are laughing about something.

Akshay wrote,”Happy Birthday, Priyan Sir! What better way to celebrate than by spending the day on a haunted set, surrounded by ghosts…both real and unpaid extras? Thank you for being a mentor, and the only person who can make chaos look like a masterpiece. May your day be filled with fewer retakes. Wishing you a fantastic year ahead!”

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