Share price of rbl bank

₹129.25 per share levels. The banking stock opened on the downside but soon pick up momentum and came above its 31st December 2021 close of ₹127.15 levels on NSE. According to stock market experts, this pause in RBL Bank share price fall can be attributed to strong business update filed by the bank on Sunday. On 2nd January 2022, the private lender reported that its deposits have risen 9.61 per cent to ₹73,637 crore on year-on-year (Y-o-Y) basis. On whether one should take fresh position in the counter expecting lower bottom; Ravi Singhal, Vice Chairman at GCL Securities said, "On Y-o-Y basis RBL Bank has reported rise in its deposits but if we compare it with the September 2021 quarter, it is around 2.50 per cent lower. So, one should wait further as more details in regard to the company's fundamentals are expected to come. After RBI putting its person to scrutinize and monitor the bank's management, fresh audit is expected and post-audit, actual financials of the bank will become available in the public domain. So, this pause should not be taken as lower bottom of the stock and my advice to the fresh investors is to wait further as more details of the bank financials are expected to come." He said that the information filed by RBL Bank is provisional and final results are yet to come. Advising RBL Bank shareholders to maintain strict stop loss; Mudit Goel, Senior Research Analyst at SMC Global Securities said, "This is not ideal for a fresh investor to take position at c...

Why did RBL Bank Ltd share price move today? RBL Bank shares are trading lower for a second straight session on RBI Governor's pessimistic remark that the pause in policy was not a pivot, not a definitive change in policy direction. He added that the disinflation process would likely be slow & protracted, and the target of 4% inflation would be achieved over the medium term. Source: ETNow Rbl Bank Limited Quick Overview RBL Bank Limited (the Bank) is an India-based banking company that is primarily engaged in providing a range of banking and financial services. The Company’s segments include Corporate/Wholesale Banking, Retail Banking, Treasury and Other Banking Operations. The Corporate/Wholesale Banking segment includes lending, deposits and other banking services provided to corporate customers of the Bank. The Retail Banking segment includes lending, deposits, credit cards and banking services provided to retail customers of the Bank through branch networks or other approved delivery channels. The Treasury segment includes investments, all financial markets activities undertaken on behalf of the Bank’s customers, trading, bullion business, maintenance of reserve requirements, and resource mobilization from other banks and financial institutions. The Other Banking Operations includes para banking activities, including Bancassurance. The Company's wholly owned subsidiary is RBL Finserve Limited. About Rbl Bank RBL Bank (formerly known as The Ratnakar Bank) is one of Indi...

The stock price of Previously, Subramaniakumar was the former managing director and chief executive director of the state-run Indian Overseas Bank. He was also appointed as the administrator of Dewan Housing Finance Co Ltd after the mortgage financier’s board was superseded. “Given his profile, he comes across as a troubleshooter with decent success at IOB/DHFL. However, his selection as MD & CEO of a private bank, despite interim management’s assurance on asset quality and plans to reorient the bank on the path of growth, is a little surprising," said analysts at brokerage Emkay in a note. Last year in December, What Investors Should Know? According to analysts at Kotak Institutional Equities, RBL Bank has addressed one concern, however, issues on the strategy of the bank given its reliance on high-yielding product segments, employee retention, and recovery in return ratios and growth remain unclear. “We need to have clarity (1) Construct of the loan mix. The bank’s key profit pool comes from the credit card and MFI business. Any changes to this model would hurt the near-term prospects on growth and profitability. (2) Employee retention/hiring strategy. ESOPs usually tend to play a critical role in retaining talent and RBL Bank’s price performance since listing has not been impressive. (3) Normalization of the RoE journey could be longer. The path to RoE needs more clarity and there could be a lot of changes that could happen in the next few years and the bank may need mo...

The private bank's Net Interest Income surged by 5 per cent on q-o-q and 7 per cent y-o-y to Rs 1,211 crore. Total deposits in the bank were higher by 7 per cent y-o-y and 4 per cent q-o-q to Rs 84,887 crore as of March 31. The bank's CASA improved to 14 per cent y-o-y and 6 per cent q-o-q to Rs 31, 717 crore. Commenting on the performance, Mr. R Subramaniakumar, MD & CEO, RBL Bank said “We have completed Q4 and FY23 on a strong note with our highest quarterly and annual profit. We are confident of continuing this momentum into the next year with our strong leadership team and committed employees. Our business growth, driven by granular advances and deposits growth, continues to improve, in line with our strategy and execution. Our asset quality parameters have further improved, and capital position continues to be healthy giving us the runway to accelerate sustainable profitable growth.”

Stock market today: RBL Bank shares have hit fresh 52-week high in early morning deals on Friday. The private lender had reported promising quarterly business update on Wednesday where it reported 12 per cent YoY growth in retail advances and 17 per cent YoY growth of whole sale advances. Despite weak opening in morning deals, RBL share price attracted buying interest of stock market bulls and went on to hit intraday high of ₹189.30 on NSE. RBL Bank share price target Advising 'buy and hold' strategy in regard to RBL Bank shares, Sumeet Bagadia, Executive Director at Choice Broking said, "Stock is in continuous uptrend and it may continue for few more sessions. It has strong support at ₹178 apiece levels and one can buy the scrip at current levels maintaining strict stop loss at ₹178 apiece levels for short term target of ₹200 levels." Sumeet Bagadia of Choice Broking further added that those ₹178 and hold for ₹200 per share target. RBL Bank Q3FY23 business update On Wednesday, RBL Bank reported its Q3 business update ahead of its Q3FY23 results. In this business update, private lender's retail advances grew 12 per cent YoY and 7 per cent sequentially while wholesale advances grew 17 per cent YoY and 5 per cent sequentially for the quarter ended December 31, 2022. The mix of retail: wholesale advances was around 52:48. "The Bank continues to focus on growing the share of granular retail deposits in the overall deposit mix, with retail deposits (as per LCR definition) at ap...