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RBL Bank Under GST Scrutiny: Leadership Changes Ahead

RBL Bank Under GST Scrutiny: Leadership Changes Ahead

RBL Bank is under scrutiny as the Maharashtra GST Department searches three of its offices for compliance issues. The bank is cooperating with authorities while its stock price dipped by 2.1%. To improve its operations, RBL has made leadership changes, appointing experienced executives to enhance its retail banking and customer strategies. However, the bank's recent financial report showed a significant drop in net profit, raising concerns among investors. The bank aims to turn around its fortunes with these strategic changes.

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