Margin pressure, micro-finance loan write-offs dent bottom line
Q4 FY25 company results today: Reliance Industries, Tata Tech, RBL Bank, Motilal Oswal Financial, and Poonawalla Fincorp will be among 37 firms to post earnings reports for the January-March quarter
RBL Bank on Friday reported an 81 per cent decline in its net profit to Rs 69 crore for the fourth quarter of FY25 on an increase in provisions. The lender had earned a net profit of Rs 353 crore in the year-ago period. During the quarter, the bank's total income increased to Rs 4,476 crore as against Rs 4,215 crore a year ago, RBL Bank said in a regulatory filing. Interest income grew to Rs 3,476 crore during the period under review, from Rs 3,339 crore in the corresponding quarter a year ago. On the asset quality side, the bank's Gross Non-Performing Assets (NPAs) dropped to 2.6 per cent of gross advances as of March 31, 2025, from 2.65 per cent by the end of March 2024. Net NPAs also came down to 0.29 per cent of the advances from 0.74 per cent at the end of 2024. However, provisions and contingencies rose to Rs 785 crore compared to Rs 414 crore a year ago. During the financial year 2024-25, the bank's net profit almost halved to Rs 695 crore as against Rs 1,168 crore in the
Stocks to Watch on Apr 4, 2025: Here is a list of stocks that will be on investors and traders radar on Friday
IndusInd Bank raised Rs 11,000 crore by issuing certificates of deposit (CDs) across a range of maturities
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.