The stock of RBL Bank is down by 22% today. The major reason behind this fall is the appointment of Mr. R Subramaniakumar as the new CEO by RBL Bank.
Markets have pursued the news in a negative way due to the past records of R Subramaniakumar with Indian Overseas Bank and DHFL.
Watch this short video to know some other reasons behind the crash of RBL bank's share price.
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About the Speaker:
Clarice Mendonsa is a graduate with a bachelor's degree in Banking and Insurance (BBI). She is very passionate about financial markets and her strength lies in simplifying financial jargon. Her goal is to help individuals make better investment decisions.
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