What's happening in RBL Bank?

This was seen as a good news in business channels as the CEO is an experienced industry veteran but the stock is hitting lower circuits and is down 15% …Is the market worried that RBL bank is the next YES Bank?

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CLSA is the culprit

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Market seems to be disappointed with the appointment of a PSU banker to lead a private lender. This news was taken positively by the market.

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Current CEO was previously Administrator of DHFL during its bankruptcy process.
Fear everyone have now is that there is lot of stress in RBL bank and a new CEO with experience of handling financial institution bankruptcy is brought in to clear the mess.

And that is driving down the stock.


Another yes bank in works ?

Unlikely as RBI has intervened well in advance in this case. So hopefully things won’t go to Yes Bank level and corrective steps will be taken in time