Page 3 - Rbl Bank

RBL Bank posts 11.5% growth in net profit to Rs 233 crore in third quarter

On the asset quality front, the Gross Non-Performing Assets (GNPA) was flat at 3.12 per cent sequentially. Meanwhile, the Net NPA of the lender inched down to 0.80 per cent from 0.78 per cent

RBL Bank Q3 results: Profit rises 11% to Rs 233 cr, gross NPAs down 3.12%

Private sector RBL Bank on Friday reported an 11 per cent increase in its profit to Rs 233 crore in the third quarter ended in December 2023. The bank had earned a net profit of Rs 209 crore in the same quarter a year ago. Total income increased to Rs 3,969 crore during the quarter under review against Rs 3,116 crore in the same period last year, RBL Bank said in a regulatory filing. Interest income of the bank also improved to Rs 3,191 crore during the quarter compared to Rs 2,498 crore in the same period a year ago. The bank's gross Non-Performing Assets (NPAs) declined to 3.12 per cent of the total loans at the end of December 2023 from 3.61 per cent a year ago. Net NPAs or bad loans also came down to 0.80 per cent from 1.18 per cent at the end of the third quarter of the previous fiscal.

RBI permits ICICI Pru Mutual Fund to acquire 10% stake in Federal, RBL Bank

Federal Bank on Thursday said the Reserve Bank of India has accorded approval to ICICI Prudential Asset Management Company Ltd (ICICI AMC) for acquiring up to 9.95 per cent stake in the bank. RBI accorded the approval subject to conditions on Thursday, Federal Bank said in a regulatory filing. The approval granted by the Reserve Bank of India (RBI) is subject to the compliance with the relevant provisions of the Banking Regulation Act, 1949, RBI's Master Direction and Guidelines on Acquisition and Holding of Shares or Voting Rights in Banking Companies dated January 16, 2023, it said. Meanwhile, RBI also accorded approval to ICICI AMC to acquire 9.95 per cent stake in RBL Bank and Equitas Small Finance Bank.

Stocks to Watch: IRCTC, Fusion, Ultratech, Uno Minda, NBCC, SBI, RBL Bank

Stocks to Watch on December 14, 2023: IRCTC is eyeing a major expansion in the non-railway catering business

Biz trajectory remains intact, committed to achieving targets: RBL Bank CEO

Our bank had a total capital adequacy ratio of 17.07 per cent and Tier-I (entirely CET1) of 15.15 per cent as on September 30, 2023 (inclusive of profits for the half year), he says

Stocks to Watch today: Honasa, IndiGo, SBI, Infy, Liberty Shoes, RBL Bank

Stocks to watch on Thursday, November 23, 2023: Honasa Consumer in its first result filing post listing reported a in net profit to Rs 29.40 crore for Q2FY24 as against a loss of Rs 15 crore in Q2FY23

Not much impact on margins: RBL Bank on RBI norms for unsecured loans

Despite having the highest credit card portfolio in terms of retail assets at over 42 per cent, private sector lender RBL Bank does not see much impact on its margins after the RBI increased the risk weight on unsecured lending. Following a massive rise in unsecured lending and delinquencies, the Reserve Bank on November 16 tightened the norms for unsecured consumer credit, asking banks and NBFCs to assign a higher risk weight. As a result, it has increased the risk weight on unsecured consumer loans by 25 percentage points to 125 and to 150 for credit cards. This had analysts pegging the capital cost, on banks alone, going up at least by Rs 84,000 crore. "Our capital (CET 1 ratio) cost will go by 60 bps because of the RBI action, but the impact on our margin will be negligible at 1-2 bps only," the bank's chief executive and managing director R Subramaniakumar told reporters on the sidelines of the IBA-Ficci-organised national banking summit here on Wednesday. The bank's capital .

RBI rule on unsecured loans to hit lenders' capital, loan growth: Analysts

Shares of RBL Bank slipped 9 per cent to Rs 230.555, while those of SBI Cards and Payment Services plunged 7 per cent to Rs 720.40 in intraday trade

RBL Bank launches free mobile healthcare vans for support, domestic workers

Through the initiative, RBL Bank aims to address the healthcare requirements of the underprivileged in an easily accessible way

RBL Bank Q2 results: Net profit increases 46%, aided by rise in core income

Provisions rise amid strategic shift in advances

RBI slaps monetary penalties on RBL Bank, Union Bank, and Bajaj Finance

Union Bank of India has incurred a penalty of Rs 1 crore for its failure to comply with specific directions

PNB, RBL, Jammu & Kashmir Bank reports robust growth in advances for Q2

PNB saw a rise in advances to Rs 1,308,719 crore, marking a 9.70 per cent increase from Rs 1,193,501 crore in the second quarter of FY24 compared to the same period in FY23

The M&M-RBL Bank saga

Why M&M has invested in RBL Bank and what does the bank look like

M&M takes stake in RBL Bank: What are RBI rules on ownership in pvt banks?

RBI has outlined that banks are 'special' entities as they not only accept and deploy a substantial amount of uncollateralised public funds in a fiduciary capacity but also lend this money

M&M may dip 10% if fails to overcome Rs 1,500; RBL Bank may jump 15%

Technical charts of M&M shows weakness, while RBL Bank continues to remain resilient.

Mahindra & Mahindra slips 6% on acquiring 3.5% stake in RBL Bank

The company said it may consider further investment, subject to pricing, regulatory approvals, and required procedures, however, in no circumstance will it exceed 9.9 per cent.

M&M picks up 3.5% stake in RBL Bank for Rs 417 cr, eyes to acquire more

Company says it may consider further investment in the bank to raise its holding up to 9.9%

Mahindra & Mahindra picks up 3.53% stake in RBL Bank for $51 million

BENGALURU (Reuters) -Indian tech-to-tractor conglomerate Mahindra & Mahindra on Wednesday said it bought a 3.53% stake in private lender RBL Bank for 4.17 billion rupees ($50.8 million).

RBL Q1 net profit up 43% to Rs 288 cr; aims to reduce unsecured loans share

Private sector lender RBL Bank on Saturday reported a 43 per cent jump in its June quarter net profit at Rs 288 crore, helped by core income growth. The city-based lender reported a 21 per cent jump in the core net interest income at Rs 1,246 crore on the back of a 21 per cent growth in advances and a 0.48 per cent expansion in net interest margin (NIM) to 4.84 per cent. The other income grew 12 per cent to Rs 685 crore. The bank is aiming to expand the NIMs further to 5 per cent going forward on the back of a better product mix, its managing director and chief executive R Subramaniakumar said. Its retail loans grew by 34 per cent, with newer products like mortgages experiencing the maximum growth. Subramaniakumar said the share of unsecured assets presently stands at 43 per cent, and the bank is targeting to decrease this by 2 percentage points by the end of the fiscal, as the share of secured retail finances, including home loans, two-wheeler loans and auto loans, grows. At the

Stocks to Watch today, July 5: LTIMindtree, Bandhan Bk, Lupin, Adani Power

Stocks to Watch on Wednesday, July 5: LTIMindtree will replace HDFC in the benchmark Nifty50 index, while LIC Housing Finance will likely replace it in the Nifty Financial Services index