RBL Shocking Statement On Yes Bank.
The bank further said in the statement that we want to re-emphasize that RBL Bank is fundamentally a strong institution.
Specifically on social media, rumors about the institution's financial health and stability are false, driven by wrong sentiment and not based on facts. The bank said that it is well capitalized, has a good liquidity position, growth continues and management is fully committed.
The bank said that since the announcement of our third quarter financial results on January 22, 2020, there has been no adverse change in asset quality. The bank further stated that its capital adequacy ratio is 16.08 per cent and Tier-I capital 15.08 per cent, which is much higher than the prescribed regulatory requirement). Shares of RBL were up 10 percent at 230.25 in early trade. The bank's stock has fallen more than 30 percent during the last two trading sessions.
News Info:- According to sources
