RBL Bank Ltd (RBLBANK)

Baring PE to Sell Stake in RBL Bank - 24 Jul, 2024

Baring Private Equity Asia is set to sell its entire 7.9% stake in RBL Bank through an open market transaction and a block deal for Rs 1,080 crore. Emkay has recommended buying the stock with a target price of Rs 350.

Chandan Sinha to be Appointed as Non-Executive Part-Time Chairman of RBL Bank - 23 Jul, 2024

RBL Bank announces the appointment of Chandan Sinha as the Non-Executive Part-Time Chairman of the bank, effective from August 3, 2024, until May 20, 2026. Prakash Chandra will complete his tenure on August 2, 2024.

RBL Bank Posts Strong Q1 Results - 22 Jul, 2024

RBL Bank reports a 29% YoY increase in net profit to Rs 371 crore for Q1 FY25, with net interest income growing by 20% to Rs 1,700 crore. Gross NPA ratio rose to 2.69%, while the net NPA ratio remained flat at 0.74%.

RBL Bank Reports Strong Q1FY25 Results - 20 Jul, 2024

Private sector lender RBL Bank reported a 29% YoY increase in net profit for Q1FY25, with its gross non-performing assets ratio improving to 2.69%. The bank's deposit growth came in at 18% during the quarter and it will focus on secured retail products going forward.

RBL Bank's Q1 Results Show Mixed Trend - 19 Jul, 2024

Experts predict RBL Bank's Q1 results to show a mixed trend with deposits and CASA ratio likely to decline. Net Interest Income (NII) expected to increase by 32.9% YoY, while Profit after tax (PAT) may grow by 17.8% YoY. Advances are expected to grow by 18.3% YoY driven by strong retail segment, but wholesale loan growth at 7.64% YoY is expected to remain soft. Slippages expected to be higher at ₹685.2 crore, but provisioning coverage ratio likely to remain elevated.

Disinvestment Plans Likely to be Deferred in Upcoming Union Budget - 17 Jul, 2024

According to Achala Jethmalani, economist at RBL Bank, the Indian government is expected to delay any disinvestment plans in the upcoming Union Budget and may focus on capital expenditure and meeting rural demand. The reason for this is the mega dividend from the Reserve Bank of India (RBI) and other PSU companies which may lead to some revenue distribution.

RBL Bank Reports Growth in Deposits and Advances - 05 Jul, 2024

RBL Bank reports growth in Q1 YoY total deposits and gross advances by 18%. Morgan Stanley maintains underweight call with target price of Rs 250 per share. Shares fall over 4% after reporting sequential decline in total deposits and CASA in Q1FY25 update.

RBL Bank Reports Growth in Deposits and Advances - 04 Jul, 2024

RBL Bank reported an 18% YoY increase in total deposits and gross advances, with a CASA ratio improvement to 37.3%. The bank also saw a decline in gross net performing assets and gross NPA%, reporting a net profit of ₹352.5 crore.

Zerodha Broking Acquires 1.26% Stake in RBL Bank - 01 Jul, 2024

Zerodha Broking has acquired a 1.26% stake or 75,53,944 equity shares in RBL Bank during Q3 FY23. The mid-size lender's bottom-line was boosted by almost seven times to ₹202 crore in the quarter to September from ₹31 crore in the year-ago period due to a massive drop in provisions. Its gross non-performing asset (NPA) ratio improved to 3.80% during September 2022 period as against 4.08% as on June 30, 2022 while Net NPA ratio was 1.26% against 1.16% quarter-on-quarter (QoQ).

RBL Bank Plans to Raise Funds for Loan Portfolio Growth - 28 Jun, 2024

RBL Bank received board approval to raise funds up to Rs. 6,500 crore via QIP and debt securities. The bank aims to grow its loan portfolio by 20% over the next two fiscal years, while its standalone net profit jumped 30.1% to Rs. 352.64 crore in Q4 FY24.

RBL Bank Plans to Raise Funds Through Institutional Placement - 27 Jun, 2024

RBL Bank plans to raise up to Rs 65 billion through a combination of qualified institutional placement (QIP) of shares and debt sale. The bank aims to grow its loan book by 20% over the next two financial years, largely led by an increase in secured retail assets.

RBL Bank Board Meeting to Consider Fundraising Proposal - 25 Jun, 2024

RBL Bank's board will meet on June 27 to consider a fundraising proposal through qualified institutional placement (QIP) and the issuance of debt securities. The bank's standalone net profit jumped 30.1% to Rs 352.64 crore in Q4 FY24 over Q4 FY23.