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Buy RBL Bank Ltd For Target Rs. 220 By Motilal Oswal Financial Services Ltd Weak quarter; fresh slippages remain high Credit cost guidance increased to 2.6-3.0% * RBL Bank (RBK) reported 2QFY25 PAT of INR2.2b (12% miss, down 24% YoY), dragged down by high provisions. * NII grew 9.5% YoY to INR16.2b (3% miss) as NIMs moderated 32bp QoQ to 5.35%. * Advances grew at a modest 15.1% YoY/1.4% QoQ, while deposits increased by 6.5% QoQ (up 20.2% YoY). CASA mix improved to 33.6%. * Fresh slippages increased to INR10.3b, mainly due to the microfinance and credit ca...
Buy RBL Bank Ltd For Target Rs. 220 By Motilal Oswal Financial Services Ltd
Buy RBL Bank Ltd For Target Rs. 220 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2024-10-31 02:03:36 pm
Buy RBL Bank Ltd For Target Rs.230 By Yes Securities Ltd Downgraded a year ago, sub-optimal stress outcomes continue to fructify Our view – Credit card and microfinance exposures pose dual problem Asset Quality – Gross slippages spiked further from already elevated levels due to credit cards and microfinance stress: Gross NPA additions amounted to Rs 10.26bn for 2QFY25, translating to an annualized slippage ratio of 4.8% for the quarter. Gross NPA additions had amounted to Rs 7.20bn during 1QFY25. Credit card slippages were Rs...
Buy RBL Bank Ltd For Target Rs.230 By Yes Securities Ltd
Buy RBL Bank Ltd For Target Rs.230 By Yes Securities Ltd
Source: Yes Securities Ltd
2024-10-31 11:39:46 am
Mahindra Finance gains on getting nod to launch co-branded credit cards with RBL Bank Mahindra & Mahindra Financial Services is currently trading at Rs. 276.35, up by 3.45 points or 1.26% from its previous closing of Rs. 272.90 on the BSE. The scrip opened at Rs. 272.90 and has touched a high and low of Rs. 276.75 and Rs. 272.00 respectively. So far 33323 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 342.90 on 27-Sep-2024 and a 52 week low of Rs. 243.90 on 30-Oct-2023. Last one week high an...
Mahindra Finance gains on getting nod to launch co-branded credit cards with RBL Bank
Mahindra Finance gains on getting nod to launch co-branded credit cards with RBL Bank
Source: Accord Fintech
2024-10-29 11:50:38 am
Buy RBL Bank Ltd For Target Rs. 325 By Emkay Global Financial Services RBL posted a miss in earnings (~33%) with PAT at Rs2.2bn/0.6% RoA, mainly due to dip in NIM to ~5%, higher staff cost (owing to pay hikes and ~800-900 in-house collection fleet added in Q2), and LLP (led by higher slippages in CC + MFI book). Credit growth also moderated to 15% YoY due to the bank’s strategy to prune its low-yielding corporate book and slowdown in unsecured loan growth (including Cards and MFI); however, the bank remains focused on building its high yielding secured ret...
Buy RBL Bank Ltd For Target Rs. 325 By Emkay Global Financial Services
Buy RBL Bank Ltd For Target Rs. 325 By Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
2024-10-22 02:41:27 pm
Buy RBL Bank Ltd For Target Rs. 291 By Centrum Broking Ltd RBL Bank faced challenges this quarter as asset quality issues impacted key profitability segments. As a result, we are revising our credit growth estimates to a 16% CAGR for FY24- 27, lower than the bank’s guidance of over 18%. We are also adjusting our projected RoA to an average of 1.1% for FY26/27, below management’s target of +1.3%. In light of delays in achieving the expected return profile and the broader sector’s valuation pressures, we are lowering our target P/ABV ...
Buy RBL Bank Ltd For Target Rs. 291 By Centrum Broking Ltd
Buy RBL Bank Ltd For Target Rs. 291 By Centrum Broking Ltd
Source: Centrum Broking Ltd
2024-10-21 05:57:03 pm
RBL Bank soars on reporting 15% growth in gross advances in Q2FY25 RBL Bank is currently trading at Rs. 194.70, up by 4.20 points or 2.20% from its previous closing of Rs. 190.50 on the BSE. The scrip opened at Rs. 190.50 and has touched a high and low of Rs. 195.25 and Rs. 189.65 respectively. So far 215686 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 300.50 on 11-Jan-2024 and a 52 week low of Rs. 189.65 on 08-Oct-2024. Last one week high and low of the scrip stood at Rs. ...
RBL Bank soars on reporting 15% growth in gross advances in Q2FY25
RBL Bank soars on reporting 15% growth in gross advances in Q2FY25
Source: Accord Fintech
2024-10-08 03:06:29 pm
Paytm announces Travel Carnival this festive season, save up to ?5,000 on flights, 25% off on bus and train tickets * Offers exclusive discounts on bookings done between September 26 and October 5 * Provides free cancellation on flight, train and bus tickets in case of last minute change in plans * Brings exciting offers in partnership with leading banks like ICICI Bank, RBL Bank, Bank of Baroda, and AU Small Finance Bank One97 Communications Limited (OCL) that owns the brand Paytm, India’s leading payments and financial services distribution company and the pioneer of QR, Sou...
Paytm announces Travel Carnival this festive season, save up to ?5,000 on flights, 25% off on bus and train tickets
Paytm announces Travel Carnival this festive season, save up to ?5,000 on flights, 25% off on bus and train tickets
Source: PR Agency
2024-09-28 02:08:21 pm
Add RBL Bank Ltd For Target Rs. 285 By Yes Securities Slippages serve repeated reminder of cyclical business model Our view – Slippages rise sequentially from already elevated levels Asset Quality – Credit cost continues to remain elevated and is expected to be at the higher end of guided range: For the quarter, Gross NPA additions had amounted to Rs 7.2bn, implying an annualised gross slippage ratio of 3.4%, while recoveries and upgrades amounted to Rs 1.92bn. Credit card net slippages continues to remain elevated at Rs 4.0bn ...
Add RBL Bank Ltd For Target Rs. 285 By Yes Securities
Add RBL Bank Ltd For Target Rs. 285 By Yes Securities
Source: Yes Securities Ltd
2024-08-07 05:07:49 pm
RBL Bank falls despite reporting 18% growth in gross advances in Q1FY25 RBL Bank is currently trading at Rs. 254.75, down by 7.95 points or 3.03% from its previous closing of Rs. 262.70 on the BSE. The scrip opened at Rs. 261.95 and has touched a high and low of Rs. 263.50 and Rs. 253.40 respectively. So far 161156 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 300.50 on 11-Jan-2024 and a 52 week low of Rs. 182.75 on 07-Jul-2023. Last one week high and low of the scrip stood at Rs...
RBL Bank falls despite reporting 18% growth in gross advances in Q1FY25
RBL Bank falls despite reporting 18% growth in gross advances in Q1FY25
Source: Accord Fintech
2024-07-08 12:59:00 pm
Neutral RBL Bank Ltd For Target Rs. 270 - Motilal Oswal Financial Services Adjusted PAT in-line; AIF-related provisions dent earnings NIMs to remain stable * RBL Bank (RBK) reported 3QFY24 PAT of INR2.33b (26% miss) as the bank made a contingent provision of INR1.15b with respect to AIF investments pursuant to the RBI circular. Adjusted for this provision, PAT stood at INR3.19b (vs. our estimate of INR3.16b). * NII grew 21% YoY to INR15.4b (in line; up 4.8% QoQ). NIMs moderated by 2bp QoQ to 5.52% in 3QFY24. * Advances growth was healthy at 20% YoY/4.7%...
Neutral RBL Bank Ltd For Target Rs. 270 - Motilal Oswal Financial Services
Neutral RBL Bank Ltd For Target Rs. 270 - Motilal Oswal Financial Services
Source: motilal oswal financial services Ltd
2024-05-01 12:44:53 pm
RBL Bank soars on reporting 19% growth in gross advances in Q4FY24 RBL Bank is currently trading at Rs. 258.05, up by 5.65 points or 2.24% from its previous closing of Rs. 252.40 on the BSE. The scrip opened at Rs. 259.95 and has touched a high and low of Rs. 266.55 and Rs. 255.65 respectively. So far 608884 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 300.50 on 11-Jan-2024 and a 52 week low of Rs. 138.85 on 19-May-2023. Last one week high and low of the scrip stood at Rs. ...
RBL Bank soars on reporting 19% growth in gross advances in Q4FY24
RBL Bank soars on reporting 19% growth in gross advances in Q4FY24
Source: Accord Fintech
2024-04-04 10:58:13 am
Neutral RBL Bank Ltd. For Target Rs.270 By Motilal Oswal Financial Services Ltd NIMs to remain stable RBL Bank (RBK) reported 3QFY24 PAT of INR2.33b (26% miss) as the bank made a contingent provision of INR1.15b with respect to AIF investments pursuant to the RBI circular. Adjusted for this provision, PAT stood at INR3.19b (vs. our estimate of INR3.16b).  NII grew 21% YoY to INR15.4b (in line; up 4.8% QoQ). NIMs moderated by 2bp QoQ to 5.52% in 3QFY24.  Advances growth was healthy at 20% YoY/4.7% QoQ, led by healthy growth in the retail segment. Deposi...
Neutral RBL Bank Ltd. For Target Rs.270 By Motilal Oswal Financial Services Ltd
Neutral RBL Bank Ltd. For Target Rs.270 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-03-21 04:29:25 pm
Neutral RBL Bank Ltd. For Target Rs.270 By Motilal Oswal Financial Services Ltd NIMs to remain stable RBL Bank (RBK) reported 3QFY24 PAT of INR2.33b (26% miss) as the bank made a contingent provision of INR1.15b with respect to AIF investments pursuant to the RBI circular. Adjusted for this provision, PAT stood at INR3.19b (vs. our estimate of INR3.16b).  NII grew 21% YoY to INR15.4b (in line; up 4.8% QoQ). NIMs moderated by 2bp QoQ to 5.52% in 3QFY24.  Advances growth was healthy at 20% YoY/4.7% QoQ, led by healthy growth in the retail segment. Deposi...
Neutral RBL Bank Ltd. For Target Rs.270 By Motilal Oswal Financial Services Ltd
Neutral RBL Bank Ltd. For Target Rs.270 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-03-21 03:23:27 pm
Elpro International rises on acquiring stakes in Indus Towers, RBL Bank Elpro International is currently trading at Rs. 89.12, up by 0.11 points or 0.12% from its previous closing of Rs. 89.01 on the BSE. The scrip opened at Rs. 90.00 and has touched a high and low of Rs. 90.00 and Rs. 88.21 respectively. So far 1261 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 97.95 on 11-Dec-2023 and a 52 week low of Rs. 53.00 on 27-Mar-2023. Last one week high and low of the scrip stood at Rs....
Elpro International rises on acquiring stakes in Indus Towers, RBL Bank
Elpro International rises on acquiring stakes in Indus Towers, RBL Bank
Source: Accord Fintech
2024-02-02 11:09:58 am
Buy RBL Bank Ltd For Target Rs.350- Emkay Global Financial Services Ltd RBL continued to report stable NIMs at 5.5%, but higher AIF provisions (Rs1.15bn) partly offset by lower tax incidence led to a 23% earnings miss, with PAT at Rs2.3bn/0.7% RoA. However, the management contends that none of the bank’s AIF investments that have been done over the past 10 years are of the nature of ever greening of NPAs. These investments are in-the-money and will have natural redemption at beginning-4Q, apart from sell-off by the bank. Though headline GNPA ratio remained ...
Buy RBL Bank Ltd For Target Rs.350- Emkay Global Financial Services Ltd
Buy RBL Bank Ltd For Target Rs.350- Emkay Global Financial Services Ltd
Source: Emkay Global Financial Services
2024-01-24 03:17:42 pm
RBL Bank gains on reporting 9% rise in Q3 consolidated net profit RBL Bank is currently trading at Rs. 269.45, up by 3.75 points or 1.41% from its previous closing of Rs. 265.70 on the BSE. The scrip opened at Rs. 261.80 and has touched a high and low of Rs. 277.50 and Rs. 261.60 respectively. So far 515619 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 300.50 on 11-Jan-2024 and a 52 week low of Rs. 131.60 on 20-Mar-2023. Last one week high and low of the scrip stood at Rs. ...
RBL Bank gains on reporting 9% rise in Q3 consolidated net profit
RBL Bank gains on reporting 9% rise in Q3 consolidated net profit
Source: Accord Fintech
2024-01-20 01:55:19 pm
RBI permits ICICI-Pru AMC and ICICI-Pru Life to acquire up to 9.95% stake in RBL Bank The Reserve Bank of India (RBI) has given its approval to ICICI Prudential Asset Management Company Limited (I-Pru AMC) and ICICI Prudential Life Insurance Company Limited (I-Pru Life) to acquire “aggregate holding” of up to 9.95 per cent of paid-up share capital or voting rights in RBL Bank Limited. The approval has been granted with reference to an application submitted by I-Pru AMC and I-Pru Life to RBI. As per the RBI letter, I-Pru AMC and I-Pru Life have been accorded t...
RBI permits ICICI-Pru AMC and ICICI-Pru Life to acquire up to 9.95% stake in RBL Bank
RBI permits ICICI-Pru AMC and ICICI-Pru Life to acquire up to 9.95% stake in RBL Bank
Source: IANS
2023-12-29 09:32:11 am
RBL Bank gains on acquiring 8.51% stake in ONDC RBL Bank is currently trading at Rs. 282.65, up by 3.90 points or 1.40% from its previous closing of Rs. 278.75 on the BSE. The scrip opened at Rs. 280.50 and has touched a high and low of Rs. 285.65 and Rs. 278.05 respectively. So far 314875 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 285.65 on 14-Dec-2023 and a 52 week low of Rs. 131.60 on 20-Mar-2023. Last one week high and low of the scrip stood at Rs. ...
RBL Bank gains on acquiring 8.51% stake in ONDC
RBL Bank gains on acquiring 8.51% stake in ONDC
Source: Accord Fintech
2023-12-14 11:03:37 am
Buy RBL Bank Ltd For The Target Price Rs.339 - Centrum Broking RBL stock price has witnessed significant decline (-11% in last 5days) primarily led by broader market correction in mid-cap space (-5% in last 5days). Pertinently, this decline is after posting above our/street expectations 2QFY24 results which we feel offers an attractive investment opportunity. We would like to highlight that the Bank has made a significant turnaround, emerging from a risk-off phase that led to muted growth over FY20-23 to high growth phase. The bank has posted impressive ...
Buy RBL Bank Ltd For The Target Price Rs.339 - Centrum Broking
Buy RBL Bank Ltd For The Target Price Rs.339 - Centrum Broking
Source: Centrum Broking Ltd
2023-10-28 12:03:08 pm
Buy RBL Bank Ltd For The Target Price Rs.258 - LKP Securities Result and Price Analysis The quarterly performance of RBL Bank is showing signs of recovery. The key pointers being, 1) GNPA (3.22%) inched down sequentially by 10bps driven by lower slippages and steady upgrades and recoveries, 2) Restructured book (0.78% of GCA) also decreased, with 15% coverage, 3) Provision expenses (?6.4bn v/s ?2.7bn) up sequentially; with improved PCR of 76%. 4) Non-specific PCR 0.97% of loan is at satisfactory level, 5) NIMs improvement of 5bps on the back of hi...
Buy RBL Bank Ltd For The Target Price Rs.258 - LKP Securities
Buy RBL Bank Ltd For The Target Price Rs.258 - LKP Securities
Source: LKP Securities Ltd
2023-10-26 12:50:01 pm
Buy RBL Bank Ltd For The Target Price Rs.339 - Centrum Broking Ltd RBL delivered a strong performance in 2QFY24, aligning well with our expectations. Notably, NII saw robust growth, increasing by 26% YoY and 4% QoQ, even in a challenging quarter marked by rising cost of funds, primarily due to a shift toward a more retail-oriented advances growth. The CTI ratio was impressive at 65%, indicating a 270bps sequential improvement. As a result, PPoP exhibited remarkable growth (+54%/12% YoY/QoQ), outpacing our expectations by 8%. Additionally, asset quality impro...
Buy RBL Bank Ltd For The Target Price Rs.339 - Centrum Broking Ltd
Buy RBL Bank Ltd For The Target Price Rs.339 - Centrum Broking Ltd
Source: Centrum Broking Limited
2023-10-24 12:00:49 pm
RBL Bank launches `GO Digital Savings Account` RBL Bank, one of India?s leading private-sector banks, announced the launch of its latest digital banking product, GO Savings Account. A zero-balance account with simple account opening process and easy-to-operate features, the product caters to customers of all age groups. The GO Savings Account signifies a modern shift in the world of banking, presenting a novel subscription-based model. The product offers multiple customer-friendly advantages including - high interest rates ...
RBL Bank launches `GO Digital Savings Account`
RBL Bank launches `GO Digital Savings Account`
Source: PR Agency
2023-10-20 02:13:01 pm
Stock Picks : Tata Motors Ltd And RBL Bank Ltd By ICICI Direct Tata Motors LtdBuy Tata Motors Ltd @619-620; Target 627.00; Stop Loss 615.90RBL Bank LtdBuy RBL Bank Ltd @244.00-244.80; Target 248.00; Stop Loss 243.10Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Tata Motors Ltd And RBL Bank Ltd By ICICI Direct
Stock Picks : Tata Motors Ltd And RBL Bank Ltd By ICICI Direct
Source: ICICI Direct
2023-09-28 10:24:35 am