Mumbai (Maharashtra) [India], February 5 (ANI): State Bank of India, the country's largest lender, on Saturday said its net profit surged 62.27 per cent to Rs 8,432 crore in the third quarter of the current financial year when compared with the corresponding period of the previous year.

Mumbai (Maharashtra) [India], February 4 (ANI): Bank of India on Friday announced its net profit has surged 90.02 per cent to Rs 1,027 crore in the third quarter of the current financial year when compared with the corresponding period of the previous year.

Mumbai Dec 27 PTI The Reserve Bank of India on Monday said that RBL Bank is well capitalised and its financial position remains satisfactory amid speculations relating to the private sector lender in certain quarters in wake of recent events surrounding the bank In a statement the Reserve Bank of India RBI also said there is no need for depositors and other stakeholders to react to speculative reports The banks financial health remains stable it said The statement from the RBI comes amid RBL Banks Vishawvir Ahuja stepping down as MD CEO of the bank and the lender appointing Rajeev Ahuja as the interim Managing Director and Chief Executive Officer of the bank with immediate effect The Reserve Bank of India has also appointed its Chief General Manager Yogesh K Dayal as an additional director on the board of RBL Bank The Reserve Bank would like to state that the bank is well capitalised and the financial position of the bank remains satisfactory As per half yearly audited results as on September 30 2021 the bank has maintained a comfortable Capital Adequacy Ratio of 1633 per cent and Provision Coverage Ratio of 766 per cent the central bank said It also said that the Liquidity Coverage Ratio LCR of the bank is 153 per cent as on December 24 2021 as against regulatory requirement of 100 per cent Further it is clarified that appointment of Additional Directors in private banks is undertaken under Section 36AB of the Banking Regulation Act 1949 as and when it is felt that the board needs closer support in regulatorysupervisory matters the RBI added PTI NKD DRR

Mumbai [India], December 27 (ANI): The share price of RBL Bank slumped 20 per cent hitting the lower circuit limit on Monday after its MD & CEO Vishwavir Ahuja went on "medical leave" and the Reserve Bank of India (RBI) appointed Yogesh Dayal as an additional director on the bank's board.