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RBL Bank bleeds 6% as analysts cut target on weak Q3; stocks hits 52-wk low

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

RBL Bank bleeds 6% as analysts cut target on weak Q3; stocks hits 52-wk low
Updated On : 20 Jan 2025 | 10:47 AM IST

RBL Bank Q3 results: PAT drops 86% to Rs 32.63 cr amid 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

RBL Bank Q3 results: PAT drops 86% to Rs 32.63 cr amid surge in provisions
Updated On : 18 Jan 2025 | 7:05 PM IST

F&O Market: Union Bank, Dabur see short build-up as Nifty tumbles 300pts

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.

F&O Market: Union Bank, Dabur see short build-up as Nifty tumbles 300pts
Updated On : 06 Jan 2025 | 12:50 PM IST

RBL Bank divests entire 8.16% stake in DAM Capital before IPO listing

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

RBL Bank divests entire 8.16% stake in DAM Capital before IPO listing
Updated On : 26 Dec 2024 | 6:17 PM IST

Nifty 500 index year-end review: Top wealth creators and destroyers of 2024

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

Nifty 500 index year-end review: Top wealth creators and destroyers of 2024
Updated On : 26 Dec 2024 | 11:19 AM IST

RBL Bank share price drops 11% in 5 days; what's weighing on stock?

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

RBL Bank share price drops 11% in 5 days; what's weighing on stock?
Updated On : 20 Dec 2024 | 12:24 PM IST

RBL Bank increases fixed deposit interest rates, offers up to 8.5 %

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

RBL Bank increases fixed deposit interest rates, offers up to 8.5 %
Updated On : 17 Dec 2024 | 10:53 AM IST

RBL Bank re-appoints R Subramaniakumar as MD & CEO for a period of 3 years

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

RBL Bank re-appoints R Subramaniakumar as MD & CEO for a period of 3 years
Updated On : 16 Dec 2024 | 6:30 PM IST

Why RBL Bank shares hit 52-week low, Bajaj Fin slid 1% in today's trade?

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

Why RBL Bank shares hit 52-week low, Bajaj Fin slid 1% in today's trade?
Updated On : 02 Dec 2024 | 11:48 AM IST

RBL Bank and Bajaj Finance end co-branded credit cards partnership

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

RBL Bank and Bajaj Finance end co-branded credit cards partnership
Updated On : 29 Nov 2024 | 9:13 PM IST

Delhivery, RBL Bank: Trading guide for stocks where MFs raised stake in Q2

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.

Delhivery, RBL Bank: Trading guide for stocks where MFs raised stake in Q2
Updated On : 11 Nov 2024 | 2:56 PM IST

Indian banks' microfin loan stress to persist after new regulation: Bankers

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

Indian banks' microfin loan stress to persist after new regulation: Bankers
Updated On : 08 Nov 2024 | 12:47 PM IST

BFSI Summit: 'Service key to mobilising deposits, not just interest rates'

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

BFSI Summit: 'Service key to mobilising deposits, not just interest rates'
Updated On : 06 Nov 2024 | 3:59 PM IST

RBL Bank, Mahindra Finance get RBI nod to launch co-branded credit cards

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

RBL Bank, Mahindra Finance get RBI nod to launch co-branded credit cards
Updated On : 28 Oct 2024 | 9:26 PM IST

Bandhan, IDFC First, RBL, CSB Bank among 19 financial stocks at 52-week low

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

Bandhan, IDFC First, RBL, CSB Bank among 19 financial stocks at 52-week low
Updated On : 25 Oct 2024 | 3:25 PM IST

ZEE, Voda Idea, RBL Bank: 14 NSE500 stocks enter 'Bear' zone in Samvat 2080

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

ZEE, Voda Idea, RBL Bank: 14 NSE500 stocks enter 'Bear' zone in Samvat 2080
Updated On : 25 Oct 2024 | 9:38 AM IST

RBL Bank share plunges 13%, hits 52-week low on weak Q2 results

Asset quality ratios deteriorated during the quarter as slippages were high in the credit cards and microfinance segments.

RBL Bank share plunges 13%, hits 52-week low on weak Q2 results
Updated On : 21 Oct 2024 | 9:53 AM IST

RBL Bank Q2 results: Net profit falls 24% to Rs 223 cr on rising expenses

The net interest income (NII) of the bank rose by 9 per cent in the reporting quarter to Rs 1,615 crore from Rs 1,475 crore

RBL Bank Q2 results: Net profit falls 24% to Rs 223 cr on rising expenses
Updated On : 19 Oct 2024 | 7:29 PM IST

RBL Bank Q2 results: PAT down 24% at Rs 223 cr on MFI exposures stress

RBL Bank on Saturday reported a 24 per cent decline in net profit in the September quarter to Rs 223 crore on asset quality challenges emanating from credit card and microlending books. The private sector lender had reported a post-tax net profit of Rs 294 crore in the year-ago period, and Rs 372 crore in the preceding June quarter. RBL Bank Chief Executive and Managing Director R Subramaniakumar told reporters that the stress in the microfinance book is due to industry-wide issues, but the same on the credit-card front, where the regulator has been flagging risks for the industry, is on account of internal aspects. A senior bank official said the lender expects the challenges on credit cards that are arising out of a transition, to take loan collections in-house from being outsourced to a partner earlier, will settle by end of the third quarter, but the same on microlending may persist longer. The fresh slippages nearly doubled to Rs 1,026 crore during the quarter, and nearly 70 p

RBL Bank Q2 results: PAT down 24% at Rs 223 cr on MFI exposures stress
Updated On : 19 Oct 2024 | 4:34 PM IST

Nifty, Bank Nifty PCR turns bearish; Longs added in MidCap; Shorts in RIL

Derivatives market update Oct 01: FIIs continue to hold more than 4 long positions in index futures for every short bet. Proprietary trades hold 5 shorts for every bullish bet in index futures.

Nifty, Bank Nifty PCR turns bearish; Longs added in MidCap; Shorts in RIL
Updated On : 01 Oct 2024 | 9:26 AM IST