Is RBL Bank looking to raise fresh funds?
Answer
Answer
Answer
RBL Bank is looking to raise fresh capital to allay investor concerns over its financial health. The stock price cracked after RBI nominated a director to the board and the CEO, Vishwavir Ahuja, had resigned simultaneously. RBL Bank claims a comfortable capital adequacy of 16.3% but is seeking capital from PE firms of around Rs.1,500 crore.