Equity indices settled lower for the second straight session on Wednesday due to profit-booking in select banking and auto stocks amid mixed trends from the global markets. In today’s trade, shares of Vodafone Idea, Aster DM, DMart, Vedanta, RBL Bank will be in focus due to various news developments.Vodafone IdeaVodafone Idea’s board will meet on April 6 to consider and approve the proposal for issuance of equity shares or convertible securities on a preferential basis.Aster DM HealthcareAster DM Healthcare on Wednesday said it has completed the separation of its India and GCC businesses.Union BankDIFC Dubai Branch has arranged for syndicated term loan of $500 million ($400 million and…
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Category: RBL Bank
RBL Bank appoints Murali Ramakrishnan as independent director for 4 years | People
Earlier, Ramakrishnan served as the Managing Director & Chief Executive Officer of South Indian BankAathira Varier Mumbai Private sector lender RBL Bank on Thursday appointed Murali Ramakrishnan as Non-Executive Independent Director with immediate effect for four years. According to the exchange filing, “This is to inform you that the Board of Directors of RBL Bank Limited (‘the Bank’) based on the recommendations of the Nomination and Remuneration Committee at its meeting held today, i.e., on April 11, 2024, has, inter alia, approved the appointment of Mr. Murali Ramakrishnan as an (Additional) Non-Executive Independent Director of the Bank, w.e.f. April 11, 2024, for a period of…
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RBL aims to make home, car ownership dreams come true
Republic Bank (RBL) recently hosted a first-of-its-kind home ownership event, in partnership with real estate aggregator, My Bunch of Keys.On April 13, “Make Home Ownership Happen” brought together property developers, realtors, lawyers and evaluators and members of the Republic team, which included mortgage specialists and Republic Life Insurance representatives. The event aimed to provide potential property owners with all the information they’d need in the mortgage and property ownership process.More than 1,300 people attended and had the opportunity to meet the experts and even view over 5,000 available properties on the market. “Make Home Ownership Happen” was the first…
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Source: https://tt.loopnews.com/content/rbl-aims-make-home-car-ownership-dreams-come-true
RBL Bank – Bank of Baroda, PNB among 10 bank stocks with high NPAs
Apr 16, 2024, 10:19:39 AM ISTAs the Q4 results of listed companies are underway, it’s important for investors with bank stocks in their portfolios to be aware of the NPAs (non-performing assets) of banks. According to Trendlyne data, Bank of Baroda, Punjab National Bank, RBL Bank, and Bank of India are among the banks with the highest NPAs. Here’s the list:Agencies2/11ESAF Small Finance BankThe net NPA of ESAF Small Finance Bank stood at 2.19% in Q3FY24, which is the highest among banks. The PE ratio of the stock is 6.43. The Bank has a market cap of Rs 3,112 crore.ETMarkets.comSouth Indian Bank reported a net NPA of 1.61% in Q3FY24. The PE ratio of the stock is 6.5. South Indian Bank’s…
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Citigroup buys shares of two banks for Rs 222 crore
US-based Citigroup on Monday bought shares of two private lenders, RBL Bank and South Indian Bank, for Rs 222 crore through open market transactions. Citigroup through its affiliate Citigroup Global Markets Mauritius purchased shares through two separate bulk deals on the BSE. As per the data on the BSE, Citigroup Global Markets Mauritius acquired 66.97 lakh shares amount to 1.11 per cent stake of RBL Bank. It also picked up more than 1.76 crore shares or 0.7 per cent stake in South Indian Bank. The shares of RBL Bank were picked up at an average price of Rs 255.40 apiece and that of South Indian Bank at Rs 28.78 per piece, taking the combined transaction value to Rs 221.89 crore. …
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Hot Stocks: Brokerage view on L&T Finance, Federal Bank, D-Mart and RBL Bank
Brokerage Citigroup maintained a sell rating on RBL Bank, Morgan Stanley maintained an underweight rating on L&T Finance, Citi has a sell rating on Federal Bank, and Macquarie maintained an outperform rating on D-Mart.We have collated a list of recommendations from top brokerage firms from ETNow and other sources:Citigroup on RBL Bank: Sell| Target Rs 257Citigroup maintained a sell rating on RBL Bank with a target price of Rs 257. The bank has seen a steep uptick in deposit growth. Loans sustained 19% YoY growth.The global investment bank believes that a large part of deposit flows would have accrued towards the end of the quarter.The net interest margins (NIMs) will moderate on a QoQ…
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Stocks to Watch: HDFC Bank, Dabur, Hero MotoCorp, Prestige Group, RBL Bank
HDFC Bank: The bank announced a 55.4% year-on-year (YoY) increase in gross advances, reaching ₹25.08 lakh crore as of March 31, 2024. This is a significant rise from the ₹16.14 lakh crore reported as of March 31, 2023. On a sequential basis, the bank’s advances grew by 1.6%, from ₹24.69 lakh crore in December 2023. The bank also reported substantial growth in its domestic retail loans, with a YoY increase of approximately 108.9% and a quarter-on-quarter (QoQ) increase of around 3.7%. In Q4FY24, HDFC Bank’s deposits totaled approximately ₹23.80 lakh crore, marking a YoY increase…
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RBL Bank shares jump over 5% on Q4 business update
Shares of RBL Bank rallied 5.6% to Rs 156.7 in Thursday’s trade on BSE after the lender reported a 22% year-on-year (YoY) growth in its deposits for the quarter ended March, while advances jumped 19% in the same period.The private lender has reported deposits of Rs 1,03,454 crore for the quarter ended March. This represents a growth of 22% compared to the same period last year and a 12% increase from the previous quarter, according to preliminary figures. The bank’s gross advances for the quarter amounted to Rs 85,640 crore, marking a 19% YoY increase and a 5% quarter-on-quarter (QoQ) rise. Meanwhile, retail advances saw a 29% YoY growth, while wholesale advances grew by 7% YoY for the…
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Stock market today: RBL Bank, Tata Chemicals, ZEEL among 8 stocks under F&O ban list on Thursday — March 21
Indian stock market today: A total of 8 stocks have been banned for trade on Thursday, March 21, 2024,…
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Paytm share price jumps 5% after hitting upper circuits for 2 days in a row; can it rise more? Here’s what experts say
Paytm share price opened at ₹415.60 against its previous close of ₹405.85 and rose 4.93 per cent to hit its intraday high of ₹425.85. Around 12:15 pm, the stock traded nearly 3.45 per cent up at ₹419.85, indicating a potential continuation of its upward trend for the fourth consecutive session.
Paytm share price hit its 52-week low of ₹318.35 on February 16, 2024, after the RBI’s action against Paytm Payments Bank (PPBL). At the current market price of ₹420, the stock is up 32 per cent from its 52-week low.
Also Read: Paytm issues FAQs: What will work after March 15? Here’s what users must know
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