RBL Bank says it is well capitalised

Concerns have gained momentum after the Yes Bank failed and it has been put under moratorium. In a regulatory filing, RBL Bank on Wednesday said prevailing concerns around the bank are “misplaced and motivated” and based on “misinformation.”

“Rumours around financial health and stability of the institution especially in social media seem to be misplaced, motivated and not based on facts,” RBL Bank said in a regulatory filing.

The bank said that it is adequately capitalised with a capital adequacy ratio of 16.08 per cent with Tier-1 at 15.02 per cent, higher than the prescribed regulatory requirement at 11.5 per cent and 9.5 per cent respectively.

It further said there has been “no material adverse change” in the asset quality since we announced our Q3 financial results on January 22, 2020, adding that the bank’s guidance remains consistent.