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After shares of RBL Bank plunged over 22 per cent in the previous trading session, the bank has issued a clarification on appointing a bad loan expert as the CEO & MD. It said “There has been considerable speculation and rumours linking the appointment of the new MD & CEO of the Bank, Mr. R S Kumar, with asset quality challenges for the Bank in the near future. We wish to reiterate that such speculation is baseless and unfounded and purely speculative in nature.”
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