RBL Bank Ltd

(RBLBANK)

RBL Bank Offers Competitive FD Rates - 14 Nov, 2024

RBL Bank is currently providing the highest fixed deposit rates in India, ranging from 3.5% to 8.1% for the general public and 4% to 8.6% for senior citizens.

RBL Bank Reports Mixed Q2 FY25 Results - 12 Nov, 2024

RBL Bank's Q2 FY25 revenue rose 19.85% YoY to Rs 4,459.05 crore, but net profit fell 30.02% YoY to Rs 231.70 crore, indicating profitability challenges. The stock has seen significant declines with a YTD return of -42.30%.

RBL Bank Faces Continued Downward Pressure - 11 Nov, 2024

RBL Bank's stock is currently priced at Rs 162, with a downside risk of 25.9%. It is trading below its long-term 200-WMA for the fourth consecutive week, and key momentum oscillators indicate an oversold condition, favoring bearish sentiment.

RBL Bank Reports Rising Default Rates in Microfinance - 08 Nov, 2024

RBL Bank's recent results indicate a significant increase in default rates for microfinance loans, which are collateral-free loans for low-income individuals.

RBL Bank Faces Profit Dip Amid Provisions - 04 Nov, 2024

RBL Bank reported a sharp decline in net profit due to increased provisions for microfinance and cards. Total net slippages reached Rs 817 crore, with expectations of improvement in efficiency and a potential bottoming out of impacts by Q3.

RBL Bank Reports High Net Slippages and Provisions - 30 Oct, 2024

RBL Bank reported total net slippages of Rs 817 crore, with Rs 231 crore from the MFI segment. Management indicated ongoing challenges in microfinance and plans to provide 25% provisions each quarter.

RBL Bank and Mahindra Finance Launch Co-Branded Card - 28 Oct, 2024

RBL Bank and Mahindra Finance have received RBI approval to launch a co-branded credit card, aiming to meet customer needs and reduce reliance on Bajaj Finance.

RBL Bank Faces Asset Quality Deterioration - 25 Oct, 2024

RBL Bank has reported a significant decline in asset quality, with a sharp rise in bad loans attributed to stress in credit card and microfinance sectors. The bank anticipates ongoing pressure in these areas.

RBL Bank Faces Asset Quality Pressure - 23 Oct, 2024

RBL Bank reported significant slippages of Rs 549 crore in microfinance and Rs 474 crore in credit cards, leading to a rise in gross non-performing asset ratio to 2.88%.

RBL Bank Shares Plunge After Profit Decline - 22 Oct, 2024

RBL Bank's shares fell 14% following a 24% year-on-year drop in net profit for Q2FY25, attributed to asset quality challenges in credit card and micro-lending portfolios.

RBL Bank Reports Decline in Profit, Shares Plummet - 21 Oct, 2024

RBL Bank's Q2 results show a 24% YoY decline in profit after tax, leading to a 14% drop in share price to a 52-week low. Increased provisions due to credit card and microfinance stress raised concerns about asset quality. Analysts have mixed views, with some maintaining buy ratings while others suggest caution.

RBL Bank Reports Significant Profit Decline - 20 Oct, 2024

RBL Bank's profit fell 24% to Rs 223 crore, while net interest income rose 9% to Rs 1,615 crore. Net interest margin decreased to 5.04%, and both gross and net NPAs increased compared to the previous quarter.

RBL Bank Q2 Profit Declines Amid Asset Quality Issues - 19 Oct, 2024

RBL Bank's Q2 results show a 24% decline in net profit to Rs 223 crore, impacted by rising expenses and challenges in credit card and microlending sectors. Despite a 15% growth in advances, net interest income rose only 9%. The gross NPA ratio increased to 2.88%.