RBL Bank experienced a significant 5.7% increase in share price due to robust growth in advances and deposits, as per Motilal Oswal. Meanwhile, AU Small Finance Bank saw a modest 0.4% climb. The gains come amidst tighter liquidity conditions that are impacting margins for both banks.
Public sector banks (PSUs) such as Bank of Baroda and Bank of Maharashtra experienced a strong rally, while private lenders like IndusInd Bank and HDFC witnessed a decline in today's market. Notably, RBL Bank reported impressive growth in both loans and deposits, whereas IDFC First Bank saw a drop in their Current Account Savings Account (CASA) ratio.
Investment advisory: Citi recommends purchasing shares in RBL Bank, predicting a potential price of ₹390 per share. This recommendation is based on RBL's robust retail growth, especially in secured loans which increased by 36% year-on-year, and a strong Current Account Savings Account (CASA) ratio of 33.6%.
ICICI Securities recommends investing in large private banks like HDFC and Kotak due to their robust financial health and promising risk-reward prospects. Smaller banks such as RBL, Bandhan, City Union, Karur Vysya, DCB, and South Indian Bank are rated as 'Buy', but potential risks from small businesses and geopolitical factors are being closely monitored.
Emami expands its portfolio with the purchase of Axiom Ayurveda for INR 200 crores, marking a significant step in the ayurvedic sector. Meanwhile, Tata Motors reports a 14.5% drop in Q4 wholesales and RVNL secures an order worth INR 242 crore. Elsewhere, RBL Bank experiences a 24% rise in YoY business growth, while PNB's global business growth is at 10.8% with a CASA ratio of 73.7%. The RBI approves the sale of 74% stake to Emirates NBD.
RBL Bank experienced a surge in its share price, with signs of a robust uptrend as the Relative Strength Index (RSI) surpassed 50, indicating strong buying pressure. The Moving Average Convergence Divergence (MACD) also showed a bullish crossover, suggesting favorable momentum supported by increased trading volume.
The Reserve Bank of India (RBI) has given its green light for a collaboration between RBL Bank and Emirates NBD. This partnership marks a significant step forward for both banks.
The Reserve Bank of India has given the green light to Emirates NBD's acquisition of a 60% stake in RBL Bank, worth approximately INR 26,850 crore. This will be achieved through a preferential share issue at INR 280 per share, as announced by RBL Bank following its board meeting today.
The Reserve Bank of India has given its approval for the merger between RBL Bank and Emirates NBD, according to reports. Today, RBL Bank's board will convene to discuss further details of this significant agreement.
RBL Bank has secured Reserve Bank of India (RBI) approval for a potential stake acquisition with Emirates NBD, yet Sebi clearance is still pending, according to reports in The Economic Times.
RBL Bank experienced a significant boost in derivative trades, up by 11.3%, signaling increased engagement from investors. However, the bank's performance lagged behind its sector and broader market indices, indicating potential challenges ahead.
RBL Bank demonstrates robust growth, with gross advances reaching an impressive ₹1.15 trillion – a significant jump from last year's ₹948 billion. Similarly, total deposits have surged to ₹1.4 trillion, marking a 27% increase Year-over-Year.
RBL Bank reported a significant growth in FY26, with business exceeding ₹2.5L crore. Deposits increased by 25% to ₹1.39L crore, and advances saw a 22% rise to ₹1.15L crore. The Liquidity Coverage Ratio (LCR) stood at 130%, indicating strong liquidity, and JLG collections reached a high of 99.7%.