Private sector lender RBL Bank may get excluded from the Nifty Bank index by National Stock Exchange (NSE) in its upcoming review due in March 2022, while Bank of Baroda could make an entry, according to a latest report by Edelweiss Securities.
The index change is expected to take place after the recent developments at the bank. On December 25, the Reserve Bank of India (RBI) appointed Yogesh Dayal as an additional director on RBL Bank's board and on the same day, Vishwavir Ahuja, managing director and CEO, went on leave with immediate effect. Dayal is the chief general manager in charge of the department of communication.
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