Will Vishwavir Ahuja get to stay at RBL Bank?

The bank chief is up for reappointment in six months, at a time when there’s an alarming level of stress on RBL’s books.

Vishwavir Ahuja doesn’t show it, but the managing director of RBL Bank is not amused. He’s up for reappointment in six months, pending approval from the Reserve Bank of India—and no one is sure how the central bank will respond. Last year, the RBI extended Ahuja’s tenure by just a year, instead of three as requested; if that decision was any indication, the RBL chief is set for a few nail-biting months ahead. 

It didn’t help that the bank’s September quarter results, announced on 28 October, showed a continued increase in loans gone sour. Gross non-performing assets have surged from …

Author

Furquan Moharkan

Furquan leads the banking coverage at The Morning Context. A business journalist with eight years of experience and a best-selling author, in his earlier stints as a reporter with the Deccan Herald and a columnist at The Banker, he wrote on banking, financial markets and regulatory affairs. He has extensively covered India's debt market crisis, banking crisis and the fall of Yes Bank.

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furquan@mailtmc.com

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