Rbl

RBL Bank, Emirates NBD leaderships chart out post-investment road map

The transaction is to be executed through a primary infusion of roughly $3 billion, or ₹26,850 crore, and the proposed investment is to be made via a preferential issue of up to 60% in RBL Bank

RBI may allow Emirates NBD to acquire controlling stake in RBL Bank

While India allows 74% foreign investment in private banks, the shareholding of a single foreign institution is limited to 15% by the RBI unless the regulator gives exceptional approval

RBL Bank eyes wider margin from retail, CV finance rollout in 3 months

RBL Bank is aiming to widen its net interest margins (NIM) from retail assets by shifting the portfolio mix towards higher-yielding assets, a senior official has said. As part of the same strategy, the private sector lender will launch a commercial vehicle (CV) financing and used 4-wheeler finance in the next three months. The increase in NIMs, which is being targeted at a time when the entire industry is facing challenges on this front, will be achieved while maintaining the retail share in the overall loan mix at around 31 per cent level, Kumar Ashish, its head of retail assets and collections, told PTI. Ashish, however, did not share the current NIMs of the retail business nor did he share an aspirational number. It had reported a sharp decline in the overall NIMs to 4.89 per cent as against 5.45 per cent, and the narrowing was one of the reasons along with setbacks in the MFI business for the 76 per cent drop in the Q4 net profit at Rs 86 crore. He said at the bank level, it is

RBL Bank appoints Agrawal as president of branch banking, Pari as COO

Agrawal has over 25 years of experience across deposits, lending, distribution and payments

Bank-fintech tie up will boost innovation, risk management: RBL CEO

The experience of banks and non-banking financial companies (NBFCs) in risk underwriting and risk assessment will help in improving customer experience

RBL Bank Q1 results: Net profit grows 29% to Rs 372 cr, NII up 20%

Private sector lender RBL Bank on Saturday reported a 29 per cent jump in net profit to Rs 372 crore for the June quarter. The bank's core net interest income grew 20 per cent to 1,700 crore on the back of a 19 per cent rise in advances. Its net interest margin was 5.67 per cent. The other income grew 18 per cent to Rs 805 crore. The bank's deposit growth came at 18 per cent during the quarter and was attributed to the differentiated offerings by its managing director and chief executive R Subramaniakumar. The incremental deposit growth will be able to meet the incremental advance growth for the bank going forward, he said. On the advances front, the bank will focus on secured retail products like business loans and housing loans going forward, he said, adding that the two cumulatively grew by 19 per cent, while housing rose 52 per cent and rural vehicle surged 74 per cent. From an asset quality perspective, it witnessed higher stress with the net slippages in the credit card ...

Won't invest in RBL further unless it sees 'compelling value': M&M

M&M Board had approved a stake buy of up to 4.5 per cent in RBL Bank

Yes Bank loans rise by 14% by June-end; RBL Bank's up by 7%

Yes Bank on Tuesday said its loans and advances increased by 14 per cent to Rs 1,86,598 crore at the end of June 2022 from Rs 1,63,654 crore at end-June 2021. Gross retail disbursements during the quarter more than doubled to Rs 11,431 crore compared to Rs 5,006 crore by June 30, 2021, Yes Bank said in a regulatory filing. Deposits of the bank rose by 18.3 per cent to Rs 1,93,241 crore as of June 30, 2022, from Rs 1,63,295 crore at the end of June 2021. Deposits, however, were down by 2 per cent from Rs 197,192 crore as of March 31, 2022. With respect to deposits, daily average deposit balances in Q1FY23 have sequentially grown by 4.4 per cent on the back of sequential growth of 9.2 per cent in daily average CASA balances, Yes Bank said. Among other data points, bank's credit to deposit ratio stood at 96.6 per cent by the end of the first quarter of FY23. It was 100.2 per cent as of June 30, 2021. The private sector lender said the data provided are provisional and being released

R Subramaniakumar: 'Bad loan expert' in the hot seat at crisis-hit RBL Bank

His appointment raises questions because ex-PSB bankers have historically taken over as heads of financial institutions with weak asset quality and governance

Veteran banker Subramaniakumar to join as MD & CEO of RBL Bank from Jun 24

Banking sector veteran R Subramaniakumar, with over 40 years of experience, will take charge of private sector RBL Bank from June 24, replacing the interim MD & CEO Rajeev Ahuja. Ahuja took charge as the interim MD & CEO of the bank after the sudden ouster of the then chief Vishwavir Ahuja in late December 2021, who was sent on leave with immediate effect. Subramaniakumar had in past served as the Managing Director & Chief Executive Officer (MD & CEO) of Chennai-based public sector lender Indian Overseas Bank (IOB) and also as the Executive Director (ED) of the bank. Besides, he was also the ED at Indian Bank and held various positions in the banking industry. He was instrumental in the transformation at Delhi-based Punjab National Bank (PNB). Also, he served as a board of director of PNB's Bhutan joint venture Druk PNB. The search committee constituted to identify the MD & CEO for the bank ran an exhaustive process along with Egon Zehnder and recommended the name .

RBL Bank hardsells IPO with overseas roadshow

The bank is looking to raise Rs 1,300-1,500 cr after meeting all regulatory and statutory requirements