RBL Bank gains after board OKs Rs 3,000-cr debt issue

23 Aug 2022 , 09:35 AM

Further, the banks board has approved the appointment of Dr. Sivakumar Gopalan as an (additional) non-executive independent director of the bank, w.e.f. 22 August 2022 for a term of five years. The board has also approved the appointment of Gopal Jain as an (additional) non-executive non-independent director of the bank, with effect from 22 August 2022. RBL Bank is one of Indias fastest growing private sector banks with an expanding presence across the country. As of 31 March 2022, the bank had 502 branches and 1,302 business correspondent branches, of which 289 were banking outlets. RBL Finserve, a 100% subsidiary of the bank, accounted for 789 business correspondent branches. The bank reported standalone net profit of Rs 201.16 crore as against a net loss of Rs 459.47 crore in Q1 FY23 over Q1 FY22. Total income rose marginally to Rs 2,702.91 crore in Q1 FY23 from Rs 2,679.19 crore in Q1 FY22. Powered by Capital Market – Live News