Consider merging private RBL Bank with state-owned lender, says AIBEA

RBL's CEO goes on leave after the RBI appointed Yogesh K Dayal as an additional director of the bank.

The government must protect the interests of depositors at RBL Bank and consider merging it with a state-owned one, said an industry trade union on Sunday after the central bank made management changes at the private lender.

RBL said last night that Vishwavir Ahuja, its managing director and chief executive officer, had gone on leave after the Reserve Bank of India appointed Yogesh K Dayal as an additional director of the bank.

“We are worried and concerned about the developments that are taking place in the affairs of RBL Bank Ltd., the Kolhapur based private Bank,” said the All India Bank Employees