News > RBL Bank tanks 18% after new CEO is appointed

RBL Bank tanks 18% after new CEO is appointed

CNBC TV18 | 13/06/2022 11:57 AM | Click to read full article

The share price of RBL Bank sank 18 percent on June 13 to its 52-week low of Rs 92.9 after investors were disappointed with the appointment of the new chief executive officer.

RBL BankĀ on June 11 announced the appointment of R Subramaniakumar for three years following the exit of long-time CEO and Managing Director Vishwavi Ahuja nearly six months ago.