Vishwavir Ahuja of RBL suddenly quit his post on Christmas day to proceed on medical leave
Image: Prasad Gori
Mid-sized RBL Bank’s interim Managing Director and CEO Rajeev Ahuja on Sunday tried to assuage investor concerns after its long-standing MD and Chief Executive Vishwavir Ahuja suddenly quit his post on Christmas day to proceed on medical leave. His exit from the bank, which coincided with the regulator appointing a serving Reserve Bank of India (RBI) officer on the RBL’s board, has left many questions unanswered.
The sudden management change has not gone down well with investors. The RBL Bank stock slid 19.9 percent on Monday to a 52-week low of Rs 138.35 at the Bombay Stock Exchange (BSE), due to the lack of clarity on Vishwavir Ahuja’s exit.