RBL bank shares falls 20 %, investors approach RBI to buy 10% stake

RBL Bank shares plunged as high as 20 per cent, on Monday, after the CEO of the bank Vishwavir Ahuja proceeded on a 'medical leave'. According to sources, RBI appointed Rajeev Ahuja as the new CEO and interim Managing Director of the bank. Several well-known investors approached RBI to allow them to buy a 10 per cent stake in the bank.

The shares of RBL Bank hit the lower circuit on Monday as shares fell around 22 per cent from the previous close of Rs 172.5. The shares were trading at Rs 135.30, as of 10:15 AM, according to data on BSE's website. The share opened at Rs 155.25 on Monday, 10 per cent below the previous close.

Investors including Rakesh Jhunjhunwala and RK Damani approached the Reserve Bank Of India to buy a 10 per cent stake in the bank, according to sourcs RBI is, presently, looking at the proposal.