RBL Bank share price was down Rs 25.90 or 14.98 percent at Rs 147 on the NSE. On the BSE, the share price was down Rs 25.85 or 14.99 percent at Rs 146.65.
RBL Bank’s interim chief executive and managing director Rajeev Ahuja on Sunday sought to allay concerns around the health of the private sector lender, stressing that the events over the weekend are not linked to quality of advances or asset quality. Ahuja, an executive director with the lender who was elevated by the board after his predecessor Vishwavir Ahuja went on leave following the appointment of an additional director by the RBI on the bank, asserted that the bank will post better profits in the December quarter than the preceding September quarter.
Indian markets ended Friday’s session on a slight negative note after three continuous positive sessions. On December 25, at the closing bell, the Sensex was down 190.97 points or 0.33 percent at 57,124.31. Nifty gave up 17,000-mark before the closing bell. The broader Nifty was down 0.40 percent at 17,003.75. Except IT, all other sectoral indices ended in the red. BSE midcap and smallcap indices down 0.5-1 percent. Banknifty settled at 34,857.10 with a loss of 0.95 percent in a day, Nifty PSUBANK had a 1.7 percent fall. IT index performed well.