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RBL Bank Limited (RBLBANK.NS)
| Previous close | 262.96 |
| Open | 263.80 |
| Bid | 0.00 x 0 |
| Ask | 262.98 x 0 |
| Day's range | 262.01 - 270.39 |
| 52-week range | 180.80 - 300.70 |
| Volume | |
| Avg. volume | 7,002,231 |
| Market cap | 159.44B |
| Beta (5Y monthly) | 1.21 |
| PE ratio (TTM) | 12.80 |
| EPS (TTM) | 20.54 |
| Earnings date | 20 Jul 2024 - 24 Jul 2024 |
| Forward dividend & yield | 1.50 (0.57%) |
| Ex-dividend date | 18 Aug 2023 |
| 1y target est | 274.06 |
- Reuters
India's RBL Bank to raise 65 billion rupees via institutional placement of shares, debt issue
Indian private lender RBL Bank said on Thursday it will raise up to 65 billion rupees ($779 million) through a combination of qualified institutional placement (QIP) of shares and debt sale. The bank will raise 35 billion rupees through QIP and 30 billion rupees through issue of debt securities via private placement, according to an exchange filing. This will be RBL's first share issue via institutional placement since 2021 when the bank saw an abrupt management transition and the central bank increased scrutiny of the lender by temporarily appointing a director on its board amid reports of a large share of unsecured borrowing on its books.
- Reuters
India's RBL Bank targets 20% loan growth over next two financial years- CEO
Indian private lender RBL Bank expects a 20% growth in its loan book over the next two financial years, largely led by secured retail assets, its managing director and chief executive officer said on Wednesday. "We are trying to get into areas which are futuristic ... and have a better management of the capital," R Subramaniakumar told Reuters in an interview. "We have forayed into areas like gold and housing loans where the risk weight is fairly less and capital adequacy is going to be taken care of."
- Reuters
India's Mahindra and Mahindra does not intend to invest more in RBL
Mahindra and Mahindra does not intend to build on its stake in RBL Bank, the Indian automaker said on Friday, roughly a week after its purchase of a 3.5% stake in the lender sparked investor concerns. Mahindra shares plunged at the announcement of the 4.17 billion rupee ($50 million)-deal, in which the company said it also planned to raise its stake to 9.9% in the future, subject to regulatory approval. "This investment is really for us to understand banking in a lot more detail with a seven- to 10-year view," CEO Anish Shah said in a press conference following the company's earnings on Friday.
