Page 8 - Rbl Bank

Bank does not foresee asset quality challenges, rumours baseless: RBL Bank

The bank's gross non-performing assets (NPAs) and net NPAs were 4.4% and 1.3%, respectively, at the end of the March quarter, with a provision coverage ratio of 70.4%

Asset quality not the criterion for transition: RBL Bank's Subramaniakumar

We need to continue with the strength the bank has leveraged in the past decade, Subramaniakumar said

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 tumbles 18% on heavy volumes; stock hits record low

The Reserve Bank of India has approved R Subramaniakumar's appointment as the managing director & chief executive officer of the private sector lender.

Stocks to watch: M&M, IDBI Bank, Dhanlaxmi Bank, Adani Green, RBL Bank

Stocks to watch today: Dhanlaxmi bank saw no outcome or resolution in their EGM meeting; Media stocks are expected to hog limelight ahead of day 2 of IPL's media rights auction.

RBI approves former IOB chief Subramaniakumar as CEO of RBL Bank

Industry veteran started his career with Punjab National Bank and his new role is for three years.

RBL Bank raises $100 mn from Basel III-compliant unsecured tier 2 bonds

RBL Bank on Tuesday said it has raised $100 million (about Rs 770 crore) through its first issuance of Basel III-compliant unsecured and subordinated tier 2 bonds.

RBL Bank's Q4 net profit doubles to Rs 164.7 crore, NII rises 25%

RBL Bank's consolidated post tax net profit more than doubled to Rs 164.77 crore in the March quarter, mainly due to a low base in the year-ago period. The city-based private sector lender reported a net profit of Rs 197.83 crore on a standalone basis in the January-March period as against Rs 75.34 crore in the year-ago period. In FY22, it reported a loss of Rs 74.74 crore whereas it had a net profit of Rs 507.78 crore in 2020-21. For the reporting quarter, its core Net Interest Income (NII) grew 25 per cent to Rs 1,131 crore, despite a tepid 2 per cent advances growth while the Net Interest Margin (NIM) widened sharply to 5.04 per cent. Its head of strategy Jaideep Iyer on Thursday explained that the NII growth came on the back of a recognition of an interest income on restructured assets which was not being done earlier. The NIM trajectory will also come down to 4.5 per cent level, he said. The other income declined 7 per cent to Rs 511 crore, which was attributed by Iyer to a ..

RBL Bank to raise up to $100 mn through dollar denominated bonds

RBL Bank on Friday said its board has approved to raise up to USD 100 million by issuing US dollar denominated bonds.

Sensex zooms 874pts in broad-based rally; Nifty tops 17350; RIL, HDFC up 2%

CLOSING BELL: Mukesh Ambani-led Reliance Industries (RIL) is set to become India's first company to hit market capitalisation (m-cap) of Rs 19 trillion

RBL Bank finalises next MD and CEO; sends names for RBI approval

The Board at its meeting held on Wednesday accepted the recommendations of the nomination and remuneration Committee, RBL said in a regulatory filing

RBL Bank's gross advances up 3% at Rs 61,929 cr in FY22

Retail advances declined 8% year-on-year but grew 1% sequentially

Stanza Living secures $57 mn debt financing from Kotak Mahindra Bank, RBL

With an inventory of more than 75,000 beds, Stanza Living is the managed accommodation provider of choice for students and working professionals migrating to 23 cities across the country

RBI grants three-month extension to RBL Bank's interim CEO Rajeev Ahuja

Ahuja was appointed as the interim MD & CEO after the then MD & CEO Vishwavir Ahuja went on leave

Sensex falls 884 pts from day's high, ends 77 pts down; Nifty holds 17,100

For the week, the Sensex and the Nifty indices are down 3% each

Stocks to Watch: RBL Bank, TVS Motors, Fino Payments Bank, PNB, Telecom

3i Infotech, BEL, Dixon Tech, Kotak Bank, Karnataka Bank, Larsen & Toubro, Marico, NIIT, Naukri, Suzlon, United Breweries and Vedanta to announce results today.

RBL Bank Q3 net up 6% to Rs 156 cr on lower provisions, robust NII

Profit number beats Bloomberg estimate of Rs 75.7 crore. Sequentially net profit was up 5x

RBL Bank Q3 net slips 17%; net interest income up 0.10% to Rs 1,010 cr

Rajeev Ahuja, the interim chief executive and managing director, said the performance across businesses is looking good and the fourth quarter of FY22 and the time ahead will see it deliver better per

Stocks to Watch: HUL, Bajaj Auto, Mastek, Ceat, OFSS, SBI, M&M, RBL Bank

Asian Paints, Bajaj Finserv, Bajaj Holdings, Biocon, Century Textiles, Havells India, Hindustan Unilever, Bank of Maharashtra, MphasiS, Persistent Systems and Shoppers Stop to announce results today.

RBL Bank to seek PE funding amid concerns over financial health: Report

The bank is looking to raise as much as Rs 1,500 crore in 'confidence capital', say sources