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Know the real reason for the fall in the shares of RBL Bank – News

RBL Bank Share Update: The first trading day of the week is looking difficult for RBL Bank. The market seems unhappy with the appointment of the new MD-CEO of the bank. As soon as the market opened, the bank’s shares fell more than 17 percent to Rs 94 on the BSE. However, not only the new appointment, the overall sentiment of the market also seems to be weighing heavily on the shares of RBL.

RBL Bank appointed senior banker R Subramaniakumar as the new Managing Director (MD) of the bank for the next 3 years just 2 days back. Looking at the condition of the shares, it seems that the market has not liked this appointment. The bank had informed the stock market on June 11 about the appointment of Subramaniamkumar as MD and CEO. The post of MD and CEO of the bank was vacant for 6 months after Vishwavir Ahuja stepped down. Till now Rajiv Ahuja was the interim MD and CEO of the bank but his term in this position was ending on June 24.

Know how experienced R. subramaniakumar,

Subramaniakumar has more than 40 years of experience in the banking sector. He started his career with PNB in ​​1980. After serving in PNB for 35 years, he retired from there as Business Transformation Head. He has also been the executive director of Indian Bank. Apart from this, he also became the MD and CEO of Indian Overseas Bank. He is also an independent director of LIshi Pension Fund Limited. Apart from these, he has also held some other positions.

by share Brokerage companies have these expectations

Brokerage firms believe that getting a new MD-CEO will improve the quality of the bank’s portfolio. Along with this, he also expects the bank’s business to be strong and risk management to be better.

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