RBL Bank Ltd (RBLBANK)

RBL Bank Ltd stock up 1.14% on NSE - 16 May, 2024

RBL Bank Ltd stock is trading at Rs 252.55, up 1.14% on the day as of 12:44 IST on the NSE. The stock has gained 74.59% in the last year compared to a 21.96% gain in NIFTY and a 6.96% gain in the Nifty Private Bank. PE ratio based on TTM earnings ending March 24 is 12.94.

RBI Approves Quant Money Managers' Stake Acquisition in RBL Bank - 14 May, 2024

The Reserve Bank of India has approved Quant Money Managers to acquire up to 9.98% stake in RBL Bank, causing shares to rise by over 2%. The acquisition must be completed within a year and is subject to certain conditions under the Banking Regulation Act, 1949.

RBL Bank Offers High Interest Rates on Fixed Deposits - 06 May, 2024

RBL Bank is offering high-interest rates of up to 8.75% on fixed deposits for senior citizens and super senior citizens. Non-Resident External (NRE) fixed deposit rates range from 7.50% to 8%, while Non-Resident Ordinary (NRO) fixed deposit rates range from 3.5% to 8%. No additional interest rates are applicable for senior citizens and super senior citizens on NRE/NRO fixed deposits.

Private Banks Report NIM Decline in Q4 - 02 May, 2024

HDFC Bank, ICICI Bank, Yes Bank, IDFC Bank and RBL Bank have reported a decline in net interest margin (NIM) in the fourth quarter. Deposit rates on a weighted average basis have increased more than lending rates, narrowing the interest spread. Asset quality has also declined slightly, necessitating increased provisioning by banks.

RBL Bank Reports Strong Q4 Results Despite Share Dip - 29 Apr, 2024

RBL Bank reports a 30% YoY rise in Q4 post-tax net profit at Rs 353 crore, driven by non-interest income. ICICI Securities upgrades RBL Bank to BUY with a revised TP of INR 325, while Morgan Stanley maintains an underweight rating with a target price of Rs 250.

RBL Bank Reports 30% Increase in Q4 Net Profit - 28 Apr, 2024

Private sector lender RBL Bank reported a 30% increase in Q4 net profit to ₹353 crore, boosted by strong loan growth and efforts to contain bad loans. For FY23-24, net profit rose 32% to ₹1,168 crore. Interest income rose 26%, while interest expenses increased 35%. Gross non-performing ratio reduced 72 basis points YoY to 2.65%, while the provision coverage ratio was 89.8%. The bank's board proposed a dividend of ₹l.50 per share for FY24.

RBL Bank Reports Strong Growth in Net Profit and Operating Income - 27 Apr, 2024

RBL Bank's net profit grew by 22.06% to Rs 364.43 crore in Q4 FY24, and the company declared a 15% dividend. The bank also reported a 49% YoY rise in operating profit, reaching Rs 8,887 crore. For the full year, RBL Bank's net profit rose by 37.01% to Rs 1259.89 crore, and total operating income increased by 28.08% to Rs 12393.80 crore.

RBL Bank Ltd Up 0.48% on NSE - 24 Apr, 2024

RBL Bank Ltd is up 0.48% on the NSE, gaining around 10.02% in the last month and 72.59% in the last year. The stock's PE ratio based on TTM earnings ending December 2023 is 14.64.

RBL Bank Ltd Up for Third Straight Session - 22 Apr, 2024

RBL Bank Ltd stock is up 1.77% on the day, adding around 7.73% in the last month. The PE of the stock is 14.16 based on TTM earnings ending December 23.