Mumbai, Dec 25 (PTI) The board of RBL Bank will no longer have a Reserve Bank of India representative, as the the two-year term of the central-bank appointed additional director Yogesh Dayal has ended.

In a communication to exchanges on Sunday, the city-based private sector lender said Dayal's term as an additional director has ended on December 23.

Also Read | SBI Clerk Prelims 2023: Exam Schedule Released For Recruitment of 8283 Posts at sbi.co.in, Check Details.

Dayal, a chief general manager with the central bank, had to be appointed as an additional director following concerns on the way RBL Bank was being run and its practices.

According to reports, the central bank's concerns included the outlook of the incumbent top management and also its exposure to the riskier unsecured loans.

Also Read | Allahabad High Court Recruitment 2023: Vacancies Notified for 83 Advocate Posts, Apply Online at allahabadhighcourt.in From January 15.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)