RBL Bank expects ₹10,000-11,000 crore to be added to its balance sheet from the merger of three Emirates NBD branches and is targeting annual growth of at least 20%.
Private sector lender RBL Bank is "evaluating" a foray into the broking and asset management space as part of its move to expand capital market activities, a top official said on Wednesday. Making it clear that no decision has been reached on the subject, its managing director and chief executive R Subramaniakumar said the bank, a subsidiary of UAE's Emirates NBD, will see which activities can be done internally, which can be handled at the group level and the separate units which it needs to form. "All the plans are under evaluation," Subramaniakumar told PTI, declining to share a timeline by when plans will be firmed up. Activities like the asset management company or mutual fund, and also advisory businesses like retail broking and institutional broking will have to be outside of the bank through specialized units. He said various plans are "under radar" and it is too premature to comment on any questions like whether the bank flush with capital will choose to acquire an existin
The amalgamation will take effect on December 1, 2026, following Emirates NBD's acquisition of a 60 per cent stake in RBL Bank through a Rs 26,000 crore capital infusion
RBL Bank shares recorded their steepest fall in nearly two years as higher-than-expected provisions overshadowed a 2.7-fold rise in Q2FY27 net profit and improved margins
Tata Elxsi, Hero Motors, Anand Rathi Share and Stock Brokers, Den Networks, GTPL Hathway, PNB Gilts, ICICI Prudential Life Insurance will announce their quarterly earnings on October 13.
RBL Bank's net profit rose 170 per cent YoY to ₹482 crore on the back of a net interest income (NII) growth of 37 per cent to ₹2,131 crore.
Net interest income rose 37% year-on-year to Rs 2,131 crore, while advances grew 42% to Rs 1.42 trillion; asset quality improved despite higher provisions and slippages
Stocks to watch today: HCL Technologies, ICICI Pru, RBL Bank, Plastiblends India are among the companies slated to post their Q2 results today.
Deposits increased to ₹1.56 trillion and gross advances to ₹1.43 trillion, while the CASA ratio declined to 27.2 per cent despite growth in low-cost deposits
ACME Solar, Aegis Logistics, Aegis Vopak Terminals, Apar Ind, Ipca Labs, Laurus Labs, Shyam Metalics and Welspun Corp from the BSE 500 index also hit their respective 52-week highs in Tuesday's trade.
Stocks to buy today: Sachin Gupta of Choice Broking sees favourable chart structures for Aditya Birla Capital, Jubilant Foodworks and RBL Bank.
Stocks to watch today: Bandhan Bank, defence shares, RBL Bank, PVR Inox, Adani Power, Swiggy, Asian Paints, Molbio Diagnostics, IndusInd Bank, among others, will be in focus today.
The private lender may issue foreign-currency bonds, notes or other permitted debt securities through one or more transactions, depending on market conditions
Private lender RBL Bank on Monday said its board approved the mobilisation of up to USD 1 billion from overseas investors through bond issuance. The board approved the establishment of a Euro Medium Term Note Programme (EMTN Programme) in accordance with Regulation S of the US Securities Act, 1933, subject to regulatory, statutory and other approvals, RBL Bank said in a stock exchange filing. The board cleared a proposal to enable issuance of foreign currency bonds/notes/any other debt securities up to USD 1 billion in the future, from time to time, through one or more transactions, subject to the market conditions and regulatory compliances, for raising funds through permissible modes under the EMTN Programme, the bank said. The private lender informed the stock exchanges that the board also gave the go-ahead to delegate certain powers and authorities to the bank's Borrowing Committee to decide and undertake all necessary actions in connection with the EMTN Programme and the issuan
RBL Bank board is scheduled to meet on September 7, 2026 to consider and approve establishing an EMTN Programme and enabling the issuance of foreign currency bonds, notes, or any other debt securities
The lender reported higher quarterly profit on strong growth in net interest income and advances, while saying it has already mobilised $150 million under the FCNR(B) scheme
Q1-FY27 numbers, according to Anirudh Garg, fund manager & partner, INVasset PMS, are likely to show soft margins across the board, but private banks will be the first to show the NIM trough is over
UAE-based lender completes ₹26,000 crore capital infusion into RBL Bank, marking the largest foreign direct investment in India's banking sector
Emirates NBD launches Rs 11,735 crore open offer to acquire up to 26 per cent stake in RBL Bank after securing regulatory approvals
Emirates NBD's proposal to buy a 60 per cent stake in RBL for $3 billion was announced in October 2025