Asset quality not the criterion for transition: RBL Bank's Subramaniakumar

We need to continue with the strength the bank has leveraged in the past decade, Subramaniakumar said

The stock of RBL Bank tanked 22.45 per cent to close at Rs 87.9 on Monday after the bank announced over the weekend that the Reserve Bank of India (RBI) has approved the appointment of R SUBRAMANIAKUMAR as its new managing director (MD) and chief executive officer (CEO) for three years. He and RAJEEV AHUJA, its interim MD and CEO, assure investors of continuity and addressed asset quality concerns in conversation with Manojit Saha. Edited excerpts:

What are your immediate priorities?

Subramaniakumar: The first thing is to meet the RBL team. I am part of the team. The bank has tremendous strength.