Page 5 - Rbl Bank

RBL Bank tanks 15% on disappointing Q2 nos, stock down 37% from 52-wk high

The management said the bank is confident of reverting to normalised levels of business, growth and profitability from the current (Q3) quarter itself

RBL Bank Q2 net profit plummets 78% as asset quality slides

RBL Bank on Thursday reported a 78 per cent decline in its September quarter net profit at Rs 31 crore on a jump in asset quality issues but guided towards a better second half with better ratios.

RBL Bank's Sept qtr net drops 79% YoY to Rs 31 cr on higher provisions

NII was down 2% to Rs 915 crore, but other income rose 42% to Rs 593 crore, taking the lender's total income to Rs 1,508 crore, up 12% YoY

Stocks to watch: HDFC Bank, RIL, RBL Bank, Adani Enterprises, Raymond

Realty firm Omaxe Ltd on Monday announced the appointment of Sunil Goel, brother of its chairman and MD Rohtas Goel, as additional director (executive), signalling a truce between the warring brothers

RBI imposes Rs 2 crore penalty on RBL Bank for regulatory non-compliance

RBI imposes monetary penalty on RBL Bank for breaching deposit, board composition norms

RBL Bank MD Vishwavir Ahuja gets shareholders' nod at AGM for fourth term

Ahuja, a veteran with close to 35 years of experience, joined RBL in 2010 and has been successful in transforming it into a vibrant, new-age bank

Private lender RBL Bank resumes credit cards issuance to new customers

Plans to issue 1.2-1.4 million cards in the current financial year (FY22)

Mastercard ban: RBL Bank restarts credit card issuances with rival Visa

Two months after getting hit by the regulatory ban on Mastercard, private sector lender RBL Bank on Wednesday restarted credit card issuances on rival Visa's payment network. The Reserve Bank of India had banned Mastercard from issuing any new cards on July 14 this year for not complying with data localisation requirements. The move had hit a slew of lenders, including RBL Bank, which was fully dependent on the American payment company for its credit card business. RBL Bank said it signed up with Visa on July 14 itself, and the technology integration was achieved in record time to restart new issuances. Its head for retail business thanked Visa and technology partner Fiserv, and exuded confidence of meeting its target of issuing 12-14 lakh credit cards in FY22. Visa's head of business development for India Sujai Raina said the company aims to enable digital payments and help customers avail credit offerings from issuers with ease. Credit cards contribute 37.5 per cent of the retai

Sensex up 873 pts at 53,823; Nifty near 16,150; BSE m-cap tops Rs 240 trn

Amid a steep rally, investors got richer by Rs 2.4 trillion, BSE data showed

Stocks to watch: Airtel, RBL Bank, Tata Motors, VA Tech Wabag, Dabur, NCC

Tata Sons arm Panatone Finvest picked up an 8 per cent stake in domestic telecom equipment maker Tejas Networks for over Rs 193 crore through an open market transaction

RBL Bank posts Rs 459 cr June qtr loss due to one-time provisioning

In the year-ago period, it had reported a net profit of Rs 141 crore

Top headlines: PNB Q1 net profit zooms 231%; PM Modi launches e-RUPI

Business Standard brings you the top headlines on Monday

RBL Bank ties up with VISA to issue credit cards; shares up 2.5% from lows

RBL Bank currently issues credit cards only on Mastercard payment network and has approximately 3 million credit card customers.

RBL Bank enters into agreement with Visa for issuing credit cards

The bank is expecting to start issuing credit cards on the Visa payment network post the technology integration, which is expected to take 8 to 10 weeks

Mastercard ban to hit Citi and RBL's customer acquisition the most

In India, there were over 900 million debit cards as on May 31, 2021, of which over 400 million were issued by Mastercard

Stocks to watch: Titan, RBL Bank, NMDC, HDFC, Gillette India, Sobha

The National Housing Bank has imposed a monetary penalty on HDFC of Rs 4.75 lakh for non-compliance with certain provisions

Trading calls by Osho Krishan of Anand Rathi: Buy RBL Bank, MGL

MGL is on a secular bull run since the formation of its run-away gap and is now comfortably placed above all the major exponential moving averages on the daily time frame

Stocks to watch: PNB, IndiGo, MRF, Tata Steel, Equitas SFB, RBL Bank

The Reserve Bank of India (RBI) approved the re-appointment of Vishwavir Ahuja as the Managing Director & CEO of RBL Bank, for a further period of one year, with effect from June 30, 2021

Stocks to watch: Tata Steel, Adani Ports, RBL Bank, HAL, SBI Card, Affle

Fitch Ratings has assigned JSW Hydro Energy's proposed US-dollar senior secured notes an expected rating of 'BB+(EXP)' with a stable outlook

RBL Bank net declines 34% in Q4 on higher provisions, drop in NII

Its profit after tax for the reporting quarter stood at Rs 75 crore against Rs 114 crore in the year-ago period