RBL Bank rises on entering into strategic partnership with IMGC
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RBL Bank is currently trading at Rs. 84.25, up by 0.20 points or 0.24% from its previous closing of Rs. 84.05 on the BSE.
The scrip opened at Rs. 85.40 and has touched a high and low of Rs. 85.40 and Rs. 82.90 respectively. So far 663356 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 221.75 on 13-Jul-2021 and a 52 week low of Rs. 74.15 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 87.20 and Rs. 80.40 respectively. The current market cap of the company is Rs. 5059.91 crore.
The Institutions holding in the company stood at 50.00%, while Non-Institutions held 50.00%.
RBL Bank has entered into strategic partnership with India Mortgage Guarantee Corporation (IMGC). Through this partnership mortgage guarantee-backed home loan products will be offered to salaried and non-salaried customers. RBL Bank will extend mortgage guarantee-backed home loans to new borrower segments through its network of over 500 branches across the country.
RBL Bank operates as a scheduled commercial bank. The bank offers its services under the various business verticals including corporate and institutional banking, commercial banking, retail banking, agri and development banking and financial markets.
