Stay updated with the latest news and articles about RBL Bank.
On the BSE, the company's shares ended the day Friday at 221.60, up 0.91 percent. It has a market value of Rs. 13,289.29 crore. The company's stock recently reached its 52-week high of 230.45 per share on the BSE on July 17, 2023.
Net interest income (NII) increased by 14% in the third quarter to 1,148 crore, up from 1,010 crore in the same quarter previous year.
Watch these stocks today: According to Bajaj Finance, there were 7.8 million new loans originated during Q3FY23, which was the most ever.
Watch these stocks today: Chennai Petroleum will release Q2FY23 results on Tuesday, October 25. Reliance Industries' net profit remained unchanged at Rs 13,656 crore in Q2FY23.
Banks increase the interest rates on fixed deposits for senior citizens by 30–40 basis points. Depending on the deposit amount and maturity duration, this premium can occasionally be considerably greater.
in honour of International Senior Citizens Day, RBL bank will offer Super Senior Citizens, or those aged 80 and up, an additional interest rate of 0.75% per annum on fixed deposits.
RBL Bank Limited shares hit a new low of Rs 92.75 per share after falling more than 18% on the BSE intraday during Monday's trading session.
The bank's CASA boosted 21 per cent YoY to Rs 25,318 crore, despite a 5 per cent quarterly plunge from Rs 26,734.
The gross non-performing assets (NPAs) ratio declined 56 basis points to 4.84 per cent at the end of the December quarter as against 5.40 per cent at the end of the September quarter.
So far this week the company's shares have fallen by over 28 per cent.
The statement comes in after several brokerages and analysts had raised concerns about the bank's future outlook and Financial instability.
This stepping down really did a number on the bank shares as the RBL's shares today tumbled down by 20% in Monday's intra-day trade.
The company's Non-Performing Assets rose from only Rs 357 crore in 2017 to more than Rs 2,600 crore.
Baring Private Equity Asia invested an amount of ₹999 crores followed by ICICI Prudential which invested ₹330 crores
The company reported a net profit of Rs 152.43 crore for the September quarter, a 185% growth YoY. It had posted a profit of Rs 53.42 crore in the corresponding quarter previous year.
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