RBL Bank

Credit-card spending for January stood at Rs 1,841 billion, marking a two per cent slide month-on-month (MoM), but a strong 14 per cent year-on-year growth

The Nifty PSU Bank index rose 1.46%, or 86.3 points to hit an intraday high of 5,976.75, while the Nifty Bank index increased 0.72%, adding 349.15 points to hit an intraday high of 48,839.10

GST authorities conducted searches at three offices of RBL Bank in Maharashtra, the private sector lender has said. In a regulatory filing on Monday evening, RBL Bank said on March 3, 2025, Maharashtra state GST Authorities have initiated searches at three offices of RBL Bank in the state. "The proceedings are on going and the Bank is co-operating fully in providing data as per request placed," the bank had said in a filing. Shares of RBL Bank closed at Rs 154.50 on Tuesday, down 0.29 per cent over previous close on BSE.

CreditAccess, L&T Fin, RBL Bank, Poonawalla Fincorp, Five-Star Business Finance, Ujjivan SFB, Shriram Finance, Cholamandalam, M&M Financial, AU SFB and Bandhan Bank were up in the range of 4% - 15%.

RBL Bank reported an 86 per cent year-on-year (Y-o-Y) decline in net profit to Rs 32.6 crore for Q3FY25, mainly due to a surge in provisions

The Net Interest Income (NII) grew nearly 3 per cent Y-o-Y to Rs 1585 crore due to lower (Joint Liability Group) JLG funding and increased slippages causing interest reversals

Union Bank stock futures plunged nearly 8% on the back of 54% increase in OI. On the other hand, Dr. Lal Path Labs and Metropolis Health witnessed long build-up on Monday; shows derivatives data.

RBL Bank sold its stake in DAM Capital Advisors via an offer for sale, raising Rs 163.32 crore by selling 5.77 million shares at Rs 283 each

Among the standout performers, GE Vernova T&D India surged a staggering 318.2 percent, closing at Rs 2,104.9 on December 24. KFin Technologies also made a giant leap, climbing 206 per cent to Rs 1,477

RBK bank share price: Reports suggest global brokerage Morgan Stanley has cut RBL Bank's share price target to Rs 160 from Rs 180

Revised rates range from 3.50% to 8% for general citizens; senior citizens will receive returns of 8.50%

R Subramaniakumar was initially appointed for a period of three years as MD and CEO of the bank in June 2022

Following the development, RBL Bank informed that co-brand cards issued to date will continue to operate as usual without any change

RBL Bank partnered with Bajaj Finance in 2016 to issue co-branded credit cards for a period of five years. The partnership was renewed for another five years in 2021

Mutual Funds increased stake in 84 Nifty 500 stocks in the quarter ended September 2024; here's a technical outlook on select 5 stocks for the likely trend ahead.

Last month, in its latest move, the RBI asked lenders to stop issuing new microfinance loans to borrowers unless they have cleared previous loans, three of the bankers said

BFSI Summit: CEOs of prominent private banks say that interest rate hikes are not the key to attracting customers. Instead, the delivery of banking services and brand trust play more significant roles

Non-bank lender Mahindra Finance on Monday announced that it will be launching a co-branded credit card with RBL Bank. Mahindra Finance said it has received the RBI nod for launching the offering. Managing Director and chief executive Raul Rebello said the offering will be designed to help meet its customers' aspirational needs. The announcement comes amid heightened concerns about the credit card portfolios, and also regulatory attempts to disincentivise growth in such riskier assets. A Mahindra group entity has 3.53 per cent "strategic" stake in RBL Bank which was bought for Rs 417 crore, while RBL Bank is attempting to decrease its reliance on Bajaj Finance to distribute credit cards. Rebello said this will be a maiden co-branded credit card offering for Mahindra Finance and that there are significant synergies between the company and the bank. "Our aim is to provide a one-stop solution that offers unmatched benefits across a wide range of categories," RBL Bank's executive dire

Capital Small Finance Bank, ESAF Small Finance Bank, Fedbank Financial Services and Fusion Finance have hit an all-time low in trades on Friday.

Stock market in Samvat 2080: Zee Entertainment Enterprises, CreditAccess Grameen, Vodafone Idea, and Rajesh Exports were among the 14 stocks that entered Bear zone in Samvat 2080