RBL Bank gains on getting RBI`s nod to acquire aggregate holding in Utkarsh Small Finance Bank
RBL Bank is currently trading at Rs 260.95, up by 0.90 points or 0.35% from its previous closing of Rs 260.05 on the BSE.
The scrip opened at Rs 256.05 and has touched a high and low of Rs 266.40 and Rs 256.05 respectively. So far 197990 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 10 has touched a 52-week high of Rs 272.90 on 18-Jul-2025 and a 52-week low of Rs 146.00 on 20-Jan-2025.
Last one week high and low of the scrip stood at Rs 268.80 and Rs 256.05 respectively. The current market cap of the company is Rs 15,996.61 crore.
The Institutional holding in the company stood at 52.30%, while Non-Institutions held 47.69% stake.
RBL Bank has received approval from the Reserve Bank of India (RBI) to acquire aggregate holding in Utkarsh Small Finance Bank (USFBL), solely on account of amalgamation of Utkarsh Coreinvest (UCL) with USFBL.
The Bank does not hold any shares in USFBL and there is no direct acquisition, however as the Bank holds 8.64% shares in UCL as on March 31, 2025, pursuant to Share exchange Ratio for amalgamation, the Bank’s shareholding in USFBL post completion of the amalgamation of UCL with USFB would exceed 5% of paid up Equity Share Capital of USFBL, hence the Bank had made an application to RBI in response to which the aforesaid approval is received.
The aforesaid approval granted by RBI is subject to compliance with the relevant provisions of the Banking Regulation Act, 1949, RBI’s Master Direction and Guidelines on Acquisition and Holding of Shares or Voting Rights in Banking Companies dated January 16, 2023 (as amended from time to time), provisions of the Foreign Exchange Management Act, 1999, provisions of the regulations issued by Securities and Exchange Board of India, and any other guidelines, regulations and statutes as applicable.
The approval is also inter alia subject to ensuring that the ‘aggregate holding’ of the Bank in USFBL shall remain below 10% of the paid-up share capital or voting rights of USFBL, at all times.
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.
