InvestorQ : Is RBL Bank looking to raise fresh funds?
Priyanka N made post

Is RBL Bank looking to raise fresh funds?

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Neelam Naik answered.
4 months ago
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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.

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