News

RBL Bank Marks 80th Foundation Day with `Project Khwaish` - An Initiative to Support Underprivileged Girls Fighting Cancer On its 80th Foundation Day, RBL Bank, one of India’s leading private sector banks – proudly unveiled ‘Project Khwaish,’ an earnest social initiative dedicated to providing cancer treatment and care for underprivileged girl-children. In partnership with Tata Memorial Hospital, this noble project is aiming to benefit 80 girl-children with comprehensive cancer care support valued at a total cost of Rs. 3.20 crore. With the first phase inaugurated at Tata Memorial ...
RBL Bank Marks 80th Foundation Day with `Project Khwaish` - An Initiative to Support Underprivileged Girls Fighting Cancer
RBL Bank Marks 80th Foundation Day with `Project Khwaish` - An Initiative to Support Underprivileged Girls Fighting Cancer
Source: PR Agency
7/08/2023 5:22:46 PM
Buy RBL Bank Ltd For The Target Price Rs. 275 - Emkay Global Financial Services Ltd RBL Bank continued to report strong profitability, up 43% YoY/6% QoQ to Rs2.9bn/1% RoA on account of strong credit growth, lower opex and contained provisions. NIM was down 17bps QoQ to 4.8% from its peak of 5% due to higher CoF, but the bank expects better portfolio mix towards retail to keep margins healthy. This coupled with improving fees (including payments/cards) and contained opex should lead to 30% core PPoP growth over FY23-26E. Despite moderation in NPA , the bank has guided for ele...
Buy RBL Bank Ltd For The Target Price Rs. 275 - Emkay Global Financial Services Ltd
Buy RBL Bank Ltd For The Target Price Rs. 275 - Emkay Global Financial Services Ltd
Source: Emkay Global Financial Services Ltd
28/07/2023 2:06:13 PM
Mahindra & Mahindra moves up on acquiring 3.53% stake in RBL Bank Mahindra & Mahindra is currently trading at Rs. 1462.20, up by 15.35 points or 1.06% from its previous closing of Rs. 1446.85 on the BSE. The scrip opened at Rs. 1458.40 and has touched a high and low of Rs. 1471.15 and Rs. 1450.90 respectively. So far 42099 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1594.85 on 13-Jul-2023 and a 52 week low of Rs. 1124.00 on 28-Mar-2023. Last one week high and low of th...
Mahindra & Mahindra moves up on acquiring 3.53% stake in RBL Bank
Mahindra & Mahindra moves up on acquiring 3.53% stake in RBL Bank
Source: Accord Fintech
28/07/2023 12:32:52 PM
M&M group stocks under pressure after investment in RBL Bank, Tech Mahindra`s weak earnings miss  Stocks of the Mahindra & Mahindra (M&M) group have been under selling pressure and were the top Sensex losers on Thursday. M&M slumped 6.5 per cent after the company announced equity stake buy in RBL Bank. On Wednesday, it made an announcement of acquiring a 3.53 per cent stake in RBL Bank as an investment at a cost of Rs 417 crore. “We may consider further investment subject to pricing, regulatory approvals and required procedures. However, in no circumstance...
M&M group stocks under pressure after investment in RBL Bank, Tech Mahindra`s weak earnings miss
M&M group stocks under pressure after investment in RBL Bank, Tech Mahindra`s weak earnings miss
Source: IANS
27/07/2023 12:43:31 PM
India's Mahindra & Mahindra picks up 3.53% stake in RBL Bank for $51 million Indian tech-to-tractor conglomerate Mahindra & Mahindra on Wednesday said it bought a 3.53% stake in private lender RBL Bank for 4.17 billion rupees ($50.8 million). The company might consider further investment in the lender subject to pricing, regulatory approvals and required procedures, Mahindra said, adding that the investment will not exceed a 9.9% stake. Multiple block deals were seen in RBL Bank on Wednesday and the stock ended up 7.1%. In a separate statement, RBL said i...
India's Mahindra & Mahindra picks up 3.53% stake in RBL Bank for $51 million
India's Mahindra & Mahindra picks up 3.53% stake in RBL Bank for $51 million
Source: Reuters
26/07/2023 7:51:25 PM
Buy RBL Bank Ltd For The Target Price Rs.: 275 - Emkay Global Financial Services Ltd RBL Bank continued to report strong profitability, up 43% YoY/6% QoQ to Rs2.9bn/1% RoA on account of strong credit growth, lower opex and contained provisions. NIM was down 17bps QoQ to 4.8% from its peak of 5% due to higher CoF, but the bank expects better portfolio mix towards retail to keep margins healthy. This coupled with improving fees (including payments/cards) and contained opex should lead to 30% core PPoP growth over FY23-26E. Despite moderation in NPA , the bank has guided for ele...
Buy RBL Bank Ltd For The Target Price Rs.: 275 - Emkay Global Financial Services Ltd
Buy RBL Bank Ltd For The Target Price Rs.: 275 - Emkay Global Financial Services Ltd
Source: Emkay Global Financial Services Ltd
25/07/2023 2:04:21 PM
India's RBL Bank sees margins expanding above 5% for FY24 - CEO Indian private lender RBL Bank has the scope to expand its net interest margin (NIM) to above 5% in 2023-24, leaning on more low-cost deposits and a favourable loan book mix, its managing director and CEO told Reuters on Monday. "Our NIMs will not be less than what we already stand at currently," R Subramaniakumar said, adding that he sees margins in the 5.05% to 5.10% band for this year. In the April-June quarter, the Mumbai-based lender's NIM - a key gauge of banks' ...
India's RBL Bank sees margins expanding above 5% for FY24 - CEO
India's RBL Bank sees margins expanding above 5% for FY24 - CEO
Source: Reuters
25/07/2023 12:12:27 PM
Buy RBL Bank Ltd For The Target Price Rs.258 -LKP Securities Ltd Result and Price Analysis The quarterly performance of RBL Bank is showing signs of recovery. The important positive pointers are, 1) GNPA (3.22%) inched down sequentially by 15bps driven by lower slippages and steady upgrades and recoveries, 2) Restructured book (1.05% of GCA) also decreased, with 15% coverage, 3) Provision expenses (?2.7bn v/s ?2.3bn) up sequentially; with stable PCR of 70%. 4) Non-specific PCR 0.70% of loan is at satisfactory level, 5) NIMs moderation of 17bps on the ba...
Buy RBL Bank Ltd For The Target Price Rs.258 -LKP Securities Ltd
Buy RBL Bank Ltd For The Target Price Rs.258 -LKP Securities Ltd
Source: LKP Securities Ltd
24/07/2023 12:54:34 PM
RBL Bank Annouces Unaudited Financial Results For The Quarter Ended 30th June 2023 The Board of Directors of RBL Bank Limited approved the unaudited financial results for the quarter ended 30th June 2023 at its meeting held on Saturday, 22nd July 2023. Results Summary for Q1FY24 * Strong Operating Performance: . Net Profit grew 43% YOY & 6% QOQ to `288 crore . ROA of 1.01% vs 1.00% for Q4 FY23 . Operating profit grew ...
RBL Bank Annouces Unaudited Financial Results For The Quarter Ended 30th June 2023
RBL Bank Annouces Unaudited Financial Results For The Quarter Ended 30th June 2023
Source: PR Agency
22/07/2023 4:53:52 PM
In a no surprise move, monetary policy maintained a status-quo on policy rates and stance By Ms. Achala Jethmalani, RBL Bank Below Quote On Monetary Policy By Ms. Achala Jethmalani Economist at RBL Bank   “In a no surprise move, monetary policy maintained a status-quo on policy rates and stance. It remains in a ‘wait & watch’ mode and vigilant on inflation trajectory. We expect a pause on policy rates through CY2023 while modulating system liquidity. The window for policy pivot to rate cuts could open-up in 1H CY2024, if inflation trajectory warrants given that growth...
In a no surprise move, monetary policy maintained a status-quo on policy rates and stance By Ms. Achala Jethmalani, RBL Bank
In a no surprise move, monetary policy maintained a status-quo on policy rates and stance By Ms. Achala Jethmalani, RBL Bank
Source: PR Agency
8/06/2023 5:25:08 PM
RBL Bank introduces ACE Fixed Deposit, offering up to 8.50% Interest Rate RBL Bank, one of India’s leading private sector bank in India – today announced the launch of its new Fixed Deposit – ACE. In a significant move to enhance customer offerings and reward long-term commitment, the Bank is offering 20 bps higher rate of interest, over and above the regular callable deposits (Fixed Deposit which allows premature withdrawal), with senior citizens and super senior citizens getting 50 bps and 75 bps higher interest rate respectively.   W...
RBL Bank introduces ACE Fixed Deposit, offering up to 8.50% Interest Rate
RBL Bank introduces ACE Fixed Deposit, offering up to 8.50% Interest Rate
Source: PR Agency
2/06/2023 3:33:21 PM
RBL Bank live on `Direct Tax Collections` through TIN2.0 RBL Bank has gone live with ‘Direct Tax Collections’ on behalf of the Government of India through the new Tax Information Network (TIN2.0) portal. This is the second such offering from the Bank, following its empanelment by the Reserve Bank of India (RBI) as an ‘Agency Bank’ to conduct banking business for the Central and State Governments. The Bank already offers customs duty collections through a direct interface via ICEGATE.   This enhanced service will e...
RBL Bank live on `Direct Tax Collections` through TIN2.0
RBL Bank live on `Direct Tax Collections` through TIN2.0
Source: PR Agency
9/05/2023 2:38:19 PM
Buy RBL Bank Ltd For The Target Price Rs.225 - Emkay Global Financial Services * RBL delivered in-line PAT at Rs2.7bn/1% RoA, per guidance, on the back of continued margin uptick (up 27bps QoQ to 5%) and contained LLP. Going forward, the bank has guided for steady improvement in RoA (+10-20bps p.a.)/RoE (100-150bps) over FY24-26E, with clear focus on building itself into a granular retail bank. * Credit growth improved to 17% YoY/5% QoQ, mainly led by healthy disbursements in the retail/SME book. MFI disbursements accelerated (up 70% QoQ), leading to 23% YoY growth, ...
Buy RBL Bank Ltd For The Target Price Rs.225 - Emkay Global Financial Services
Buy RBL Bank Ltd For The Target Price Rs.225 - Emkay Global Financial Services
Source: Emkay Global Financial Services
6/05/2023 11:32:38 AM
Paytm Travel Carnival offers exciting discounts on flights, buses, trains One97 Communications Limited (OCL), that owns India's leading payments and financial services company Paytm, on Wednesday announced 'Paytm Travel Carnival' from May 1-5. With this sale, users will be able to book flight, train and bus tickets for the summer holiday season through Paytm app and get attractive discounts, said the company. The carnival will see participation from major airlines -- IndiGo, SpiceJet, GoFirst, Vistara, Akasa Air, AirAsia, and Air India. The com...
Paytm Travel Carnival offers exciting discounts on flights, buses, trains
Paytm Travel Carnival offers exciting discounts on flights, buses, trains
Source: IANS
3/05/2023 3:17:52 PM
Rbl Bank Announces Audited Financial Results For the Quarter and Year Ended 31st March 2023 The Board of Directors of RBL Bank Limited approved the audited financial results for the quarter and year ended 31 st March 2023 at its meeting held on Saturday, 29 th April 2023. Results Summary for Q4FY23 and FY23 Highest Quarterly and Annual Net Profit: * Net Profit grew 37% YOY & 30% QOQ to `271 crore for Q4 FY23; Net Profit for FY23 was `883 crore vs Loss of `75 crore for FY22 * ROA of 1.00% vs 0.78% for Q3 FY23 * Operating profit was `594 crore * Total Revenue gre...
Rbl Bank Announces Audited Financial Results For the Quarter and Year Ended 31st March 2023
Rbl Bank Announces Audited Financial Results For the Quarter and Year Ended 31st March 2023
Source: PR Agency
29/04/2023 5:44:45 PM
View On Monetary Policy By Ms. Achala Jethmalani, RBL Bank Below Quote On Monetary Policy By Ms. Achala Jethmalani Economist at RBL Bank  “The policy appears to be a hawkish pause as the MPC turns data dependent whilst it awaits the monetary efficacy from prior rate hikes to play out into the deposit and lending rates.With the Governor stating that today’s pause on policy rates is for this policy only, it has the elbow room to act on rates if inflation readings surprise on the upside. Basis the current growth-inflat...
View On Monetary Policy By Ms. Achala Jethmalani, RBL Bank
View On Monetary Policy By Ms. Achala Jethmalani, RBL Bank
Source: PR Agency
6/04/2023 1:32:39 PM
Stock Picks : Hindustan Petroleum Corporation and RBL Bank By ICICI Direct Hindustan Petroleum Corporation (HINPET) – Daily candlestick chart     Hindustan Petroleum Corporation (HINPET)  @238.00-238.80 CMP238.85 Stop Loss236.40 Target 241.90   RBL Bank (RBLBAN)– Daily candlestick chart   RBL Bank (RBLBAN)  @136.00-136.50 CMP135.10 Stop Loss137.60 Target 133.80         To Read Complete Report & Disclaimer Click Here   Plea...
Stock Picks : Hindustan Petroleum Corporation and RBL Bank By ICICI Direct
Stock Picks : Hindustan Petroleum Corporation and RBL Bank By ICICI Direct
Source: ICICI Direct
27/03/2023 11:11:12 AM
Buy RBL Bank Ltd For The Target Price Rs.205 -Yes Securities Our view – No material change in business model Gross slippages, while lower than peak levels, were still elevated in the absolute sense The lion’s share of the slippages emerged from the non-wholesale book. The microfinance, credit cards and other retail segments contributed Rs 1.52bn, Rs 2.41bn and Rs 2.13bn worth of gross slippages, respectively, during the quarter. NPA provisions for the quarter amounted to Rs 3.85bn. On the other hand, there were write-backs of provisio...
Buy RBL Bank Ltd For The Target Price Rs.205 -Yes Securities
Buy RBL Bank Ltd For The Target Price Rs.205 -Yes Securities
Source: Yes Securities Ltd
2/03/2023 11:48:45 AM
RBL Bank introduces Smart Deposit RBL Bank announced its Smart Deposit scheme – a flexible term deposit option wherein customers can avail the benefit of flexibility with regular monthly savings and top up investments. Customers can open a Smart Deposit with a minimum amount as low as Rs 1,000 and get an option to top-up an additional amount in the same deposit. The interest rate will remain the same for the monthly savings as well as the top-up amount held till maturity with the benefit of compounding interest. As a...
RBL Bank introduces Smart Deposit
RBL Bank introduces Smart Deposit
Source: PR Agency
24/01/2023 4:34:08 PM
Weekly Tech Picks - Bharat Heavy Electricals Ltd, Redington Ltd, Apollo Hospitals Enterprise Ltd,RBL Bank Ltd By Axis Securities Bharat Heavy Electricals Ltd. • BHEL Ltd on the weekly time frame has decisively broken out above the “multiple resistance zone” which was placed between 80-78 levels • Stock broke out with a strong bullish candle indicating a positive trend. • The breakout is accompanied with an increase in volume confirming participation at breakout level. • The daily and weekly strength indicator RSI is in bullish mode and weekly RSI holding above its r...
Weekly Tech Picks - Bharat Heavy Electricals Ltd, Redington Ltd, Apollo Hospitals Enterprise Ltd,RBL Bank Ltd By Axis Securities
Weekly Tech Picks - Bharat Heavy Electricals Ltd, Redington Ltd, Apollo Hospitals Enterprise Ltd,RBL Bank Ltd By Axis Securities
Source: Axis Securities Ltd
28/11/2022 12:38:26 PM
Indian bank stocks` record rally to continue as balance sheets strengthen Stocks of Indian lenders have rallied this year to touch a record high on Wednesday and analysts believe the party is likely to continue as banks issued robust earnings reports for the latest quarter. The Nifty public sector bank index has jumped about 50% so far this year and the bank index has risen roughly 17%, handily outperforming the benchmark Nifty 50 index's approximately 4% gain. This comes at a time when credit growth is at a multi-year high and bad loans across lenders ha...
Indian bank stocks` record rally to continue as balance sheets strengthen
Indian bank stocks` record rally to continue as balance sheets strengthen
Source: Reuters
10/11/2022 2:08:15 PM
Buy RBL Bank Ltd For The Target Price Rs.160 - Motilal Oswal Financial Services Ltd Earnings trajectory to improve gradually Signs of recovery in loan growth; asset quality remains under watch * RBK reported a 5.5x YoY jump in net profit to INR2b (in line) in 2QFY23, aided by a 63% decline in provisions. * There was a pick-up in loan growth momentum, up 12% YoY and 4% QoQ to INR629b. Deposit growth was muted at 5% YoY, but flat QoQ at INR794b. * Fresh slippages grew 24% QoQ to INR8.1b. However, the management is confident that these will be upgraded in future qua...
Buy RBL Bank Ltd For The Target Price Rs.160 - Motilal Oswal Financial Services Ltd
Buy RBL Bank Ltd For The Target Price Rs.160 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
28/10/2022 3:19:41 PM
Buy RBL Bank Ltd For The Target Price Rs.160 - By Emkay Global Financial Services Improving growth, asset quality to drive-up RoE * For Q2FY23, RBL Bank reported a slight miss in PAT at Rs2bn (vs. est.: Rs2.2bn). This was mainly on account of higher staff cost, which in turn was led by delayed increments/payouts and some front-loading of provisions. Despite higher slippages (mainly from the restructured pool), GNPA ratio improved by 28bps qoq to 3.8% due to higher recoveries/w-offs and is expected to continue going forward. * Credit growth during the quarter improved...
Buy RBL Bank Ltd For The Target Price Rs.160 - By Emkay Global Financial Services
Buy RBL Bank Ltd For The Target Price Rs.160 - By Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
28/10/2022 2:24:33 PM
RBL Bank zooms on reporting many fold jump in Q2 consolidated net profit RBL Bank is currently trading at Rs. 136.05, up by 12.10 points or 9.76% from its previous closing of Rs. 123.95 on the BSE.   The scrip opened at Rs. 124.35 and has touched a high and low of Rs. 137.70 and Rs. 123.50 respectively. So far 5386822 shares were traded on the counter.   The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 221.20 on 10-Nov-2021 and a 52 week low of Rs. 74.15 on 20-Jun-2022.   Last one week high and...
RBL Bank zooms on reporting many fold jump in Q2 consolidated net profit
RBL Bank zooms on reporting many fold jump in Q2 consolidated net profit
Source: Accord Fintech
27/10/2022 3:55:17 PM
Buy RBL Bank Ltd For Target Rs.160 - Yes Securities Improvement in growth and margin tempered by slippage outcome Result Highlights  * Asset quality: Gross slippages amounted to Rs 8.12bn (annualised slippage ratio of 5.4%), with net slippages amounting to Rs 4.99bn * Margin picture: NIM at 4.55% was up 19 bps QoQ due to loanrepricing and higher loan to deposit ratio  * Asset growth: Advances grew 4.4%/12.4% QoQ/YoY driven sequentially by commercial banking and micro-banking * Opex control: Total opex grew 2.1%/38.9% Q...
Buy RBL Bank Ltd For Target Rs.160 - Yes Securities
Buy RBL Bank Ltd For Target Rs.160 - Yes Securities
Source: Yes Securities Ltd
25/10/2022 11:15:52 AM
RBL Bank inches up on partnering with BookMyShow to launch 'Play' credit card RBL Bank is currently trading at Rs. 123.85, up by 0.10 points or 0.08% from its previous closing of Rs. 123.75 on the BSE. The scrip opened at Rs. 123.10 and has touched a high and low of Rs. 125.10 and Rs. 120.85 respectively. So far 649174 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 221.20 on 10-Nov-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. 1...
RBL Bank inches up on partnering with BookMyShow to launch 'Play' credit card
RBL Bank inches up on partnering with BookMyShow to launch 'Play' credit card
Source: Accord Fintech
13/10/2022 4:31:24 PM
RBL Bank jumps as its deposits rise 5% in Q2FY23 RBL Bank is currently trading at Rs. 121.15, up by 3.45 points or 2.93% from its previous closing of Rs. 117.70 on the BSE. The scrip opened at Rs. 119.60 and has touched a high and low of Rs. 123.70 and Rs. 118.40 respectively. So far 2300763 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 221.20 on 10-Nov-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. ...
RBL Bank jumps as its deposits rise 5% in Q2FY23
RBL Bank jumps as its deposits rise 5% in Q2FY23
Source: IANS
6/10/2022 2:27:54 PM
Buy RBL Bank Ltd For The Target Price Rs.125 By Emkay Global Financial Services We met RBL Bank’s new MD and CEO, Mr. Subramaniakumar, to understand his initial thoughts on the bank’s transformation and sustainability plan. Following are the KTAs: * Growth to be more calibrated, diversified and sustainable: RBL Bank is expected to adopt a more calibrated-growth approach in FY23 and beyond, unlike in the past. The bank expects ~15% (+/-10%) growth in FY23 on a low base, but estimates sustainable growth of 20-25% thereafter. The focus, hereon, will be on del...
Buy RBL Bank Ltd For The Target Price Rs.125 By Emkay Global Financial Services
Buy RBL Bank Ltd For The Target Price Rs.125 By Emkay Global Financial Services
Source: Emkay Global Financial Services
23/08/2022 11:08:30 AM
RBL Bank to raise Rs 3,000 crore Besides, the board has approved issuance of 1.75 crore additional equity stock options exercisable into equivalent number of equity shares fully paid up of Rs 10 each, in addition to residual/remaining options which remain ungranted under ESOP 2018. As per the filing, the bank's board also cleared the appointment of two independent directors -- Gopal Jain, Managing Partner and Founder Gaja Capital, and Sivakumar Gopalan, Faculty of the Department of Computer Science and Engineering, IIT B...
RBL Bank to raise Rs 3,000 crore
RBL Bank to raise Rs 3,000 crore
Source: Dion Global Solutions Ltd
23/08/2022 10:20:52 AM
RBL Bank introduces Super Senior Citizen Fixed Deposits RBL Bank has announced a launch of Super Senior Citizen Fixed Deposits Product, which will offer highly competitive interest rates on all fixed deposits, especially in 15 months bucket. Under the newly launched product, the bank will be offering an additional interest rate of 0.75 per cent p.a. on Fixed Deposits to Super Senior Citizens i.e. age group of 80 years and above. Hence taking the 15 month interest rate to 7.75 per cent p.a. "We are delighted to offer additional rates ...
RBL Bank introduces Super Senior Citizen Fixed Deposits
RBL Bank introduces Super Senior Citizen Fixed Deposits
Source: IANS
22/08/2022 12:43:09 PM
Buy RBL Bank Ltd For The Target Rs.125 By Emkay Global Financial Services New MD allays concerns about kitchensinking risk; upgrade to Buy on valuation * RBL reported a better-than-expected PAT of Rs2bn in Q1 (est.: Rs1.4bn), mainly driven by contained provisions and higher treasury income, partly offset by higher opex and margin normalization on a high base. The GNPA/NNPA ratios improved by 32bps/18bps qoq to 4.1%/1.2% amid fear of kitchen sinking by the new management. 3 * Credit growth was subdued at 7% yoy, mainly due to the bank’s conscious gr...
Buy RBL Bank Ltd For The Target Rs.125 By Emkay Global Financial Services
Buy RBL Bank Ltd For The Target Rs.125 By Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
22/07/2022 11:17:50 AM
RBL Bank rises on entering into strategic partnership with IMGC 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 ...
RBL Bank rises on entering into strategic partnership with IMGC
RBL Bank rises on entering into strategic partnership with IMGC
Source: Accord Fintech
13/07/2022 3:53:49 PM
Update on RBL Bank Ltd By Motilal Oswal Financial   Muted quarter with deposits and advances being flat QoQ Wholesale advances grew sequentially, while retail portfolio declined RBL Bank (RBK) has released its quarterly update underscoring its 1QFY23 business numbers. Here are the key highlights: * RBK reported a 6.5% YoY increase in gross advances to INR621b. However, advances were flat QoQ. While wholesale advances grew 4% QoQ, retail advances declined 3% sequentially. As a result, the mix of retail-to-wholesale moderated ...
Update on RBL Bank Ltd By Motilal Oswal Financial
Update on RBL Bank Ltd By Motilal Oswal Financial
Source: Motilal Oswal Financial Services Ltd
8/07/2022 1:57:56 PM
Stock Picks - Asian Paints Ltd and RBL Bank Ltd By ICICI Direct Asian Paints Ltd Buy Asian Paints Ltd @ 2763-2767CMP 2766.60 Stop Loss 2737.20 Target 2792.8/2819.7   RBL Bank Ltd Sell RBL Bank Ltd @ 81.30-81.80 CMP 81.50 Stop Loss 82.40 Target 82.40   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631 &nb...
Stock Picks - Asian Paints Ltd and RBL Bank Ltd By ICICI Direct
Stock Picks - Asian Paints Ltd and RBL Bank Ltd By ICICI Direct
Source: ICICI Direct
6/07/2022 9:44:11 AM
RBL Bank`s total deposits rise 6% in Q1FY23 RBL Bank’s total deposits grew 6% to Rs 79,217 crore (Provisional) as of June 30, 2022 (Q1FY23), as compared to Rs 74,471 crore on a yearly basis. On a quarterly basis, the deposits stood at Rs 79,007 crore as of March 2022. Gross Advance stood at Rs 62,095 crore as of June 30, 2022, posting a 7% rise in year-on-year (YoY) terms against Rs 58,301 crore as of June 30, 2021 and on quarter-on-quarter (QoQ) basis stood at Rs 61,944 crore in March 2022. The CASA was up 14% to Rs 28,525 cr...
RBL Bank`s total deposits rise 6% in Q1FY23
RBL Bank`s total deposits rise 6% in Q1FY23
Source: Accord Fintech
5/07/2022 10:56:56 AM
RBL Bank appoints R Subramaniakumar as MD & CEO The private lender said that that R Subramaniakumar will replace Vishwavir Ahuja as the bank's managing director & CEO for a period of three years with effect from 23 June 2022. The Reserve Bank of India (RBI) as well as the shareholders had approved the appointment of Rajeev Ahuja as interim managing director & CEO of the bank from 25 December 2021 till 24 June 2022 or till the appointment of a regular managing director & CEO whichever is earlier. Consequent to the appoint...
RBL Bank appoints R Subramaniakumar as MD & CEO
RBL Bank appoints R Subramaniakumar as MD & CEO
Source: Dion Global Solutions Ltd
24/06/2022 11:25:42 AM
RBL Bank rises on buzz of partnering with Amazon Pay RBL Bank is currently trading at Rs. 114.65, up by 1.00 points or 0.88% from its previous closing of Rs. 113.65 on the BSE. The scrip opened at Rs. 117.80 and has touched a high and low of Rs. 117.80 and Rs. 114.10 respectively. So far 438635 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 226.45 on 08-Jul-2021 and a 52 week low of Rs. 100.80 on 12-May-2022. Last one week high and low of the scrip stood at Rs. ...
RBL Bank rises on buzz of partnering with Amazon Pay
RBL Bank rises on buzz of partnering with Amazon Pay
Source: Accord Fintech
20/05/2022 3:05:53 PM
RBL Bank inches up on completing issuance of $100 million Basel III Compliant Tier 2 Notes RBL Bank is currently trading at Rs. 117.00, up by 0.35 points or 0.30% from its previous closing of Rs. 116.65 on the BSE. The scrip opened at Rs. 117.45 and has touched a high and low of Rs. 117.65 and Rs. 115.90 respectively. So far 95843 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 226.45 on 08-Jul-2021 and a 52 week low of Rs. 100.80 on 12-May-2022. Last one week high and low of the scrip stood at Rs. 1...
RBL Bank inches up on completing issuance of $100 million Basel III Compliant Tier 2 Notes
RBL Bank inches up on completing issuance of $100 million Basel III Compliant Tier 2 Notes
Source: Accord Fintech
17/05/2022 9:44:22 AM
Buy RBL Bank Ltd For Target Rs.126 - Yes Securities RBL sticks neck out to guide for near-BAU credit cost and vastly improved growth Result Highlights * Asset quality: Gross slippages amounted to Rs 6.19bn (annualized slippage ratio of 4.3%), with net slippages amounting to Rs 2.92bn * Margin picture: NIM at 5.04% was up 70 bps QoQ where it had a benefit of about 45-50 bps due to recognizing interest income on restructured book * Asset growth: Advances grew 3.2%/2.4% QoQ/YoY driven by wholesale loans, even as specific parts of reta...
Buy RBL Bank Ltd For Target Rs.126 - Yes Securities
Buy RBL Bank Ltd For Target Rs.126 - Yes Securities
Source: Yes Securities Ltd
13/05/2022 10:53:28 AM
RBL Bank Q4 net profit zoomed 162.58% at Rs 197.83 cr The bank reported standalone net profit of Rs 197.83 crore for the quarter ended March 31, 2022 as compared to Rs 75.34 crore in the same period last year, registering a year-on-year growth of 162.58 per cent. Interest income of the bank rose by 10.85 per cent at Rs 2130.96 crore for the quarter ended March 31, 2022 as against Rs 1922.40 crore in the corresponding period last year. During the January-March quarter, total income rose marginally by 1.21 per cent to Rs 2,642.31 crore from Rs 2,6...
RBL Bank Q4 net profit zoomed 162.58% at Rs 197.83 cr
RBL Bank Q4 net profit zoomed 162.58% at Rs 197.83 cr
Source: Dion Global Solutions Ltd
12/05/2022 4:48:28 PM
Buy RBL Bank Ltd For Target Rs.200 - Motilal Oswal CASA-led strong growth in deposits Advances witness a 3% QoQ growth; Wholesale reports higher growth than Retail RBL Bank (RBL) released its quarterly update underscoring its 4QFY22 business numbers. Here are the key highlights: * RBL reported an uptick of 3.3% QoQ (3.2% YoY) in gross advances to INR619.3b. Wholesale advances (6% QoQ) grew much faster than retail (1% QoQ). As a result, the mix of retail-to-wholesale moderated partially to 52:48 (from 53:47 in 3QFY22). * The deposi...
Buy RBL Bank Ltd For Target Rs.200 - Motilal Oswal
Buy RBL Bank Ltd For Target Rs.200 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
9/04/2022 11:56:24 AM
Key News - RBL Bank, ITC Limited , Maruti Suzuki, Café Coffee Day, Reliance Industries Ltd By ARETE Securities Key News RBL Bank's gross advances up 3% at Rs 61,929 cr in FY22 Private sector lender RBL Bank on Wednesday said its gross advances grew by 3 per cent to Rs 61,929 crore in the last fiscal. The bank had recorded gross advances worth Rs 59,983 crore in FY21. RBL Bank said the data is provisional, and it is being released ahead of the official announcement of the financial results for the quarter ended March 31, 2022. ITC moves beyond plastic neutrality; manage...
Key News - RBL Bank, ITC Limited , Maruti Suzuki, Café Coffee Day, Reliance Industries Ltd By ARETE Securities
Key News - RBL Bank, ITC Limited , Maruti Suzuki, Café Coffee Day, Reliance Industries Ltd By ARETE Securities
Source: ARETE Securities Ltd
7/04/2022 9:33:11 AM
RBI extends RBL Bank's interim MD and CEO Ahuja's tenure The Reserve Bank of India has extended the tenure of RBL Bank's interim Managing Director and Chief Executive Officer Rajeev Ahuja by three months. In a regulatory filing made to the BSE, the bank said: "We wish to further inform that on request of the Bank, RBI vide its letter... dated March 17, 2022, has approved the extension of term of Rajeev Ahuja, interim Managing Director & CEO of the Bank for a further period of three months with effect from March 25, 2022 or till the ...
RBI extends RBL Bank's interim MD and CEO Ahuja's tenure
RBI extends RBL Bank's interim MD and CEO Ahuja's tenure
Source: IANS
18/03/2022 10:20:29 AM
Buy RBL Bank Ltd For Target Rs. 132 - Religare Broking Religare Super Idea   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://www.religareonline.com/disclaimer SEBI Registration number is INZ000174330   Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
Buy RBL Bank Ltd For Target Rs. 132 - Religare Broking
Buy RBL Bank Ltd For Target Rs. 132 - Religare Broking
Source: Religare Broking Ltd
22/02/2022 10:57:08 AM
Buy RBL Bank Ltd For Target Rs. 780 - Religare Broking Religare Super Idea   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://www.religareonline.com/disclaimer SEBI Registration number is INZ000174330   Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
Buy RBL Bank Ltd For Target Rs. 780 - Religare Broking
Buy RBL Bank Ltd For Target Rs. 780 - Religare Broking
Source: Religare Broking Ltd
14/02/2022 11:26:06 AM
Buy RBL Bank Ltd For Target Rs.186 - Yes Securities RBL accelerates card addition but we await announcement on permanent CEO Result Highlights * Asset quality: Gross slippages amounted to Rs 7.66bn (annualized slippage ratio of 5.5%), with net slippages amounting to Rs 3.13bn * Margin picture: NIM at 4.3% was up 24 bps QoQ on account of lower interest reversals, among other factors * Asset growth: Advances grew 3.8%/3.0% QoQ/YoY driven by wholesale loans, even as specific parts of retail lending displayed divergent trends * Opex...
Buy RBL Bank Ltd For Target Rs.186 - Yes Securities
Buy RBL Bank Ltd For Target Rs.186 - Yes Securities
Source: Yes Securities Ltd
9/02/2022 11:16:03 AM
RBL Bank rises on collaborating with Google to advance next generation customer experience RBL Bank is currently trading at Rs. 137.40, up by 2.15 points or 1.59% from its previous closing of Rs. 135.25 on the BSE. The scrip opened at Rs. 135.55 and has touched a high and low of Rs. 137.50 and Rs. 135.55 respectively. So far 290686 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 274.00 on 08-Jan-2021 and a 52 week low of Rs. 123.70 on 31-Dec-2021. Last one week high and low of the scrip stood at Rs. ...
RBL Bank rises on collaborating with Google to advance next generation customer experience
RBL Bank rises on collaborating with Google to advance next generation customer experience
Source: Accord Fintech
10/01/2022 10:11:19 AM
RBL Bank moves up as its gross advances rise 5% in Q3FY22 RBL Bank is currently trading at Rs. 133.70, up by 1.00 points or 0.75% from its previous closing of Rs. 132.70 on the BSE. The scrip opened at Rs. 131.75 and has touched a high and low of Rs. 135.70 and Rs. 130.10 respectively. So far 448118 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 274.00 on 08-Jan-2021 and a 52 week low of Rs. 123.70 on 31-Dec-2021. Last one week high and low of the scrip stood at Rs. ...
RBL Bank moves up as its gross advances rise 5% in Q3FY22
RBL Bank moves up as its gross advances rise 5% in Q3FY22
Source: Accord Fintech
6/01/2022 10:29:24 AM