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27 Dec, 5 tweets, 1 min read
Mail from RBL Bank MD & CEO (Interim). Assume this is true (I hope it’s true). Key words: “Any other financial parameter.” Image
Now ask: Why was the existing CEO asked by RBI to proceed on leave and why did it appoint Mr. Yogesh Dayal as an Additional Director on the Board of the Bank?
Am trying to reconcile these two seemingly conflicting thoughts. Current CEO says that RBI’s actions have nothing to do with bank’s “financial parameters,” whatever they may be. And RBI makes CEO go on leave and appoints someone on the RBL Bank’s Board.
How could both these thoughts be reconciled?
Disclosure: No position in bank’s stock or derivatives

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