Page 6 - Rbl Bank

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

RBL aims to expand NIMs; credit cards, MFIs to outpace loan book growth

RBL Bank is targeting to expand its net interest margin (NIM) to over 5.2 per cent by the end of FY24 by upping the share of higher-yielding assets in its loan book, a top official has said. The private sector lender will continue to maintain the share of unsecured loans like credit cards and microfinance by growing them at over the 20 per cent overall loan book increase targeted for every year till FY26, R Subramaniakumar told PTI. The bank had reported an expansion in NIMs to over 5 per cent in the March quarter, in line with the industry trend. "NIM will be 5.2-5.3 per cent by the end of the year (FY24). The mix of products will deliver the higher yield," he said. Subramaniakumar said the bank is targeting to increase the share of secured retail assets like mortgage loans, loans against property, two and four-wheeler loans, which will yield higher. He admitted that given its relatively smaller size, it has to offer higher deposit rates to get the required liabilities to fund th

RBL Bank Q4 net rises 37% to Rs 271 cr; targets 20% credit growth in FY24

Private sector lender RBL Bank on Saturday reported a 37 per cent growth in the March 2023 quarter net profit to Rs 271 crore on lower provisions. For the entire FY23, the bank posted a net profit of Rs 883 crore against a loss of Rs 75 crore in the year-ago period, which also witnessed a management change at the firm after regulatory actions. In the reporting quarter ended March 31, its core net interest income grew 7 per cent to Rs 1,211 crore on the back of a 17 per cent rise in advances and a marginal widening in the net interest margin at 5.04 per cent. Its managing director and chief executive R Subramaniakumar explained that the NII growth has been limited because, in the year-ago period, it had to recognise a Rs 72 crore due on restructured loans in the interest income line on the recommendation of the auditors, which increased the base. Excluding this item, the NII growth would have come at 12 per cent, he said. The other income grew 32 per cent to Rs 674 crore for the ..

RBI fines RBL Bank Rs 2.27 cr for failure on internal ombudsman scheme

Other charges levied against lender include non-compliance with RBI norms on credit card operations, code of conduct in outsourcing of financial services, and recovery agents engaged

ICICI Bank, RBL, Axis, IDFC First raise deposit rates to meet credit growth

Revisions mainly introduced for high-value deposits of Rs 2 cr and above; Continuous rate hikes over time raise concern about sustainability of healthy net interest margins

Confident of maintaining NIM at the current level, says RBL Bank MD & CEO

RBL Bank's MD and CEO R Subramaniakumar talks to Subrata Panda and Bhaskar Dutta about the lender's margins, loan growth, and asset quality

RBL Bank's Q3 results: Net profit jumps 34% YoY on firm NII growth

The net NPA ratio was at 1.18 per cent as on December 31, lower than 1.26 per cent a quarter ago and 1.85 per cent a year ago

RBL Bank Q3 PAT up 34% YoY on lower provisions

Net interest income (NII) grew by 14% YoY to Rs 1,148 crore while the net interest margin (NIM) was 4.74% during the period under review

Delhi Police arrests RBL Bank's ex-assistant V-P in Rs 19 cr cheating scam

The accused, identified as Nagendra Kumar (39), had also resigned from the bank after committing the crime in August 2020, and he was evading arrest

RBL Bank jumps 5% to hit new 52-week high; surges 22% in past one week

The stock has recovered 150 per cent from its record low level of Rs 74.15, touched on June 20, 2022

We're moving away from volatile corporate bulk deposits: RBL Bank MD & CEO

In a Q&A, R Subramaniakumar dwells on the lender's strategy to fuel growth in credit cards and microfinance, and plans to mop up deposits in an increasingly difficult market

Sensex snaps 7-day winning run, falls 288 pts; RIL slips 1.5%, Nestle 3%

CLOSING BELL: The top drags were Nestle, Bajaj Finserv, HUL, Kotak Bank, RIL, HDFC, Bajaj Finance, Asian Paints, and IndusInd Bank as they fell in the range of 1 per cent to 3 per cent