India’s RBL Bank drops as much as 25 percent (Ashutosh Joshi and Ishika Mookerjee, Bloomberg, Al Jazeera)

RBL Bank Ltd. plunged by a record after a decision by India’s central bank to appoint a new director to the board raised concerns about the outlook for the small private-sector lender.

The stock tumbled as much as 25% in Mumbai on Monday, the biggest decline since listing in 2016. Yogesh Dayal, a career central banker, was appointed to RBL’s board by the Reserve Bank of India for two years from Dec. 24. Meanwhile, Rajeev Ahuja was elevated as the interim managing director and chief executive officer of the bank, succeeding Vishwavir Ahuja who went on medical leave.

India’s RBL Bank drops as much as 25 percent | Business and Economy News | Al Jazeera

Marco Emanuele
Marco Emanuele è appassionato di cultura della complessità, cultura della tecnologia e relazioni internazionali. Approfondisce il pensiero di Hannah Arendt, Edgar Morin, Raimon Panikkar. Marco ha insegnato Evoluzione della Democrazia e Totalitarismi, è l’editor di The Global Eye e scrive per The Science of Where Magazine. Marco Emanuele is passionate about complexity culture, technology culture and international relations. He delves into the thought of Hannah Arendt, Edgar Morin, Raimon Panikkar. He has taught Evolution of Democracy and Totalitarianisms. Marco is editor of The Global Eye and writes for The Science of Where Magazine.

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