New Delhi, Dec 26 (Agency) RBL Bank on Saturday said that banking sector regulator Reserve Bank of India (RBI) has appointed Yogesh K Dayal as an Additional Director on the Board of the Bank for a period of two years till December 23, 2023. “The Board welcomes the appointment of Mr. Yogesh K Dayal to the Board of the Bank. The Bank shall benefit from this addition considering his rich experience with the highly respected Regulator,” RBL Bank said in a regulatory filing. It noted that Yogesh K Dayal is not related to any of the Directors or key managerial personnel of the bank and is also not debarred from holding the office of Director by virtue of any SEBI order or any other regulatory/statutory authority.
The bank said that it is well placed to execute its business plan and strategy. “The business and financial trajectory continues to be on improving trend, post absorbing the challenges due to Covid pandemic. The financials of the Bank remain robust with healthy capital adequacy of 16.3%, high levels of liquidity as reflected through Liquidity Coverage Ratio of 155%, stable Net NPA of 2.14%, Credit Deposit Ratio of 7 4.1% and leverage ratio of 10.0%, for the quarter ended September 30, 2021,” it said. In addition, the bank stressed that it has also improved the granularity of its deposits and advances. Yogesh K Dayal is a career central banker who has worked with RBI in various capacities for 25 years. He has held several positions in RBl’s various offices, including Central Office at Mumbai in Monetary Policy Department and Department of Banking Supervision as well as Regional Offices at Bangalore, New Delhi and Lucknow in the departments of Banking Supervision, Information Technology, Currency Management and Payment and Settlement System besides Financial Inclusion & Development. Dayal is currently Chief General Manager at RBI and is in charge of the Department of Communication.