The bank offers a comprehensive suite of banking products and services, catering to a diverse clientele. Its operations are broadly segmented into several key areas: corporate banking, commercial banking, branch and retail banking, retail assets, and treasury and financial markets operations. This diversification allows RBL Bank to serve a wide range of customers, from large corporations to individual consumers.
Latest News on RBL Bank
Kotak Bank finalizes assessment of IDBI acquisition.
Kotak Mahindra Bank has reportedly completed its due diligence process to acquire the government’s stake in IDBI Bank, making it a strong contender in the race to take over the bank. The due diligence process involved reviewing confidential information such as borrower data, exposure, and loan provisions to assess the bank’s financial health. With Kotak Mahindra Bank’s entry, the competition becomes more interesting, as two global players, Oaktree Capital Management and Fairfax Financial, have already completed their due diligence.
Fairfax Financial already owns a 40% stake in CSB Bank, while Emirates NBD may no longer be in the race after its recent acquisition of RBL Bank. Kotak Mahindra Bank could become the front runner in the race for IDBI Bank, as it is the only domestic contender to buy the government’s stake. The government and Life Insurance Corporation (LIC) hold 94% in the bank, and the transaction could involve acquiring a majority stake of up to 60.72%.
The government aims to finalize the winning bidder by the end of FY26, with the deal potentially valuing IDBI Bank around $8-10 billion. The bank is in advanced discussions with government-appointed advisers, and final financial bids are expected to be invited in the coming quarter. The government first announced its intent to divest IDBI Bank in February 2021, and the formal process began in October 2022, when the Department of Investment and Public Asset Management (DIPAM) invited expressions of interest (EoIs) for the bank’s strategic sale.
By January 2023, DIPAM confirmed it had received multiple EoIs, and around September, four shortlisted bidders who cleared the Reserve Bank of India’s ‘fit and proper’ assessment were granted access to the data room, initiating the buyer due diligence phase. Kotak Mahindra Bank’s spokesperson declined to comment on the development, stating that they would revert with an update if any. The acquisition of IDBI Bank is expected to be a significant deal, and the government is keen to finalize the process by the end of FY26.
The company’s profit has declined by 20% year-over-year, reaching ₹179 crore.
RBL Bank has reported a 20% year-on-year decline in its net profit for the quarter ended September 2025, with a net profit of ₹178.5 crore, missing the estimated ₹209 crore. This decline is despite a 4% increase in the bank’s net interest income (NII) to ₹1,550.7 crore, which marginally exceeded expectations. The bank’s core banking operations are still generating more income than before, but its profitability has taken a hit over the past year.
The bank’s asset quality has improved sequentially, with the gross non-performing assets (GNPA) ratio falling to 2.32% from 2.78% in the previous quarter. The net NPAs, however, rose marginally to 0.57% from 0.45%. In absolute terms, the gross NPAs declined to ₹2,377.6 crore from ₹2,685.9 crore, while the net NPAs increased to ₹572.4 crore from ₹428.8 crore.
The provisions for the quarter stood at ₹499.7 crore, which is higher than the previous quarter’s ₹442.3 crore but lower than the ₹618.3 crore recorded a year ago. The bank’s net profit for the same quarter last year was ₹223 crore, indicating a significant decline in profitability.
Despite the decline in net profit, the bank’s NII growth is a positive sign, indicating that its core banking operations are still generating income. However, the bank needs to focus on improving its asset quality and reducing its provisions to improve its profitability. The decline in net profit is a concern, and the bank will need to take steps to address this decline and improve its overall performance. Overall, RBL Bank’s results are a mixed bag, with some positive signs, but also areas that need improvement.
Ten major banks are set to unveil their Q2 financial reports this Saturday, October 18, offering a glimpse into their performance.
On October 18, 10 banks in India, including both private and public sector lenders, are set to announce their September quarter earnings. The list of banks includes HDFC Bank, ICICI Bank, YES Bank, Punjab National Bank, IDFC First Bank, IndusInd Bank, IDBI Bank, The Federal Bank, RBL Bank, and J&K Bank. Other notable companies that will announce their Q2 earnings are UltraTech Cement, UTI AMC, SML Isuzu, and Can Fin Homes.
Analysts expect the Q2 earnings for India Inc. to rebound after a muted Q1, supported by a mix of cyclical and structural factors. The financial sector is expected to be a key driver of overall earnings growth. Banks and non-banking financial companies (NBFCs) are benefiting from steady credit demand across retail, agriculture, and MSME segments, while asset quality has remained stable. Despite slight pressure on net interest margins, profitability is being supported by healthy loan growth, controlled slippages, and recoveries from past stressed accounts.
In terms of asset quality, analysts expect a comfortable outcome for large banks, with private banks appearing to be more comfortable lending aggressively in unsecured segments such as credit card and personal loans. Mid-size banks are expected to see improvement in microfinance asset quality, although credit costs will remain elevated. The focus will be on forward flows in early delinquency buckets and X bucket collection efficiency.
Regarding margins, most analysts believe that margins have bottomed out in Q2FY26, but the decline will be limited for mid-size banks. Public sector banks are expected to witness relatively lower QoQ margin decline, while large private banks are expected to see a sharper decline. The net interest margin (NIM) for Axis Bank, which has already announced its Q2 earnings, came in at 3.73% for the quarter. The bank reported a 26% decline in standalone net profit to ₹5,089.64 crore annually for the quarter ended September 2025.
Overall, the Q2 earnings announcements are expected to be closely watched by investors, with a focus on asset quality, margins, and profitability. The financial sector is expected to be a key driver of overall earnings growth, and the performance of the banks will be closely monitored.
Stock Market Updates of RBL Bank
Recent Updates
Bandhan Bank, Equitas SFB, AU SFB, and Axis are expected to experience a decline in net interest margin, while RBL Bank is likely to defy this trend, according to a Q2 preview.
The second quarter (Q2) preview for several Indian banks suggests that Net Interest Margin (NIM) may decline for most of them, with RBL Bank being an exception.
Bandhan Bank’s NIM is expected to fall due to a rise in cost of funds and a marginal increase in yields on advances. The bank’s focus on granular deposits and its efforts to diversify its loan book may not be enough to offset the decline in NIM.
Equitas Small Finance Bank (SFB) is also likely to see a decline in NIM due to an increase in the cost of funds and a higher proportion of low-yielding assets. The bank’s strategy to expand its reach and improve operational efficiency may take some time to yield results.
AU Small Finance Bank (SFB) may experience a decline in NIM due to a rise in funding costs and a moderate increase in yields on assets. The bank’s efforts to improve its asset quality and reduce its cost-to-income ratio may not be sufficient to offset the decline in NIM.
Axis Bank’s NIM is expected to fall due to a rise in the cost of funds and a moderate increase in yields on advances. The bank’s focus on improving its asset quality and expanding its reach may not be enough to offset the decline in NIM.
On the other hand, RBL Bank is expected to be an outlier, with a potential increase in NIM due to a decline in the cost of funds and a rise in yields on advances. The bank’s efforts to improve its asset quality and expand its reach may yield positive results.
Overall, the Q2 preview suggests that most of these banks may face a decline in NIM due to various factors, including a rise in funding costs and a moderate increase in yields on assets. However, RBL Bank’s ability to manage its costs and improve its asset quality may help it stand out from its peers.
It’s worth noting that these predictions are based on current trends and may be subject to change based on various factors, including changes in the economic environment and the banks’ individual strategies. The actual performance of these banks may differ from the predicted outcomes.
The Q2 results will provide more clarity on the performance of these banks and the trends that may shape their future growth. Investors and analysts will be closely watching the results to gauge the impact of the current economic environment on the banking sector.
In conclusion, the Q2 preview for these Indian banks suggests a decline in NIM for most of them, with RBL Bank being an exception. The actual performance of these banks will depend on various factors, including their ability to manage costs, improve asset quality, and expand their reach.
Bandhan Bank, Equitas SFB, AU SFB, and Axis are expected to experience a decline in Net Interest Margin (NIM), while RBL Bank is likely to be an exception: Q2 preview
Motilal Oswal Financial Services (MOFSL) forecasts that the September quarter (Q2FY26) will mark the bottom for the banking sector’s net interest margins (NIMs), with profitability expected to recover gradually in the second half of the year. This recovery will be driven by deposit repricing and the phased Cut in Cash Reserve Ratio (CRR). According to MOFSL, credit growth remains modest, with system-wide credit growth standing at 10.3% year-on-year as of September 5, 2025. The brokerage expects systemic loan growth to sustain at 11% in FY26E and improve to 12.5% in FY27E, aided by a pickup in consumption from GST rate cuts, income tax relief, and lower borrowing costs.
MOFSL notes that system deposit growth held steady at 9.8% year-on-year in September, despite rate cuts. However, banks continue to face challenges in mobilizing low-cost Current Account and Savings Account (CASA) deposits. The moderation in policy rates has led to reductions in both savings and term deposit rates, which should lower the cost of funds in the second half and aid NIM recovery.
The brokerage expects sharper NIM declines for certain banks, including Bandhan Bank, Equitas SFB, AU SFB, and Axis Bank, while RBL Bank could see a slight improvement. Stress remains in unsecured retail segments, such as microfinance and credit cards, though collection efficiencies are improving. Select segments, including micro-LAP, CV loans, and affordable housing, are also showing signs of stress, with additional risks from recent floods in northern and eastern states.
For Q2FY26, MOFSL estimates a decline in Net Interest Income (NII) for its coverage universe, with a 0.9% year-on-year decline and a 1.8% quarter-on-quarter decline. Pre-Provision Operating Profit (PPoP) is projected to fall 5.5% year-on-year and 14% quarter-on-quarter, while Profit After Tax (PAT) is expected to decline 7.2% year-on-year and 4.5% quarter-on-quarter. However, the brokerage sees earnings traction building from the second half of FY26, leading to a 17.7% PAT Compound Annual Growth Rate (CAGR) over FY26-28E.
In terms of specific bank performance, MOFSL forecasts that private banks’ PAT will fall 7.3% year-on-year in Q2, with NII growth muted at 0.6% year-on-year. Public Sector Undertaking (PSU) banks’ PAT is projected to fall 7.1% year-on-year, driven by NIM compression and lower treasury gains. Small Finance Banks are expected to face persistent NIM pressure in Q2, while fintechs and payments companies, such as SBI Cards and Paytm, are expected to report strong growth. Overall, MOFSL expects the banking sector to recover gradually in the second half of the year, driven by deposit repricing and the phased CRR cut.
Rollover of Nifty futures dips below 6-month average, with RBL, PPL, Federal Bank, and Tata Power emerging as top gainers.
In a recent analysis of market trends, the textiles sector stood out as the only area showing increased rollover activity. This indicates a positive sentiment or momentum specific to this sector. Rollover activity refers to the practice of carrying over existing positions from one expiry period to the next, which can be an indicator of investor confidence or enthusiasm in a particular sector.
On the other hand, several key sectors experienced lower rollover rates, signaling a more cautious approach or potential shifts in investment priorities. These sectors include chemicals, new age, telecom, cement, and technology. Lower rollover rates in these areas may suggest that investors are becoming more selective, choosing to exit or reduce their positions rather than carrying them over into the new expiry period.
The decrease in rollover activity in these sectors could be attributed to various factors, such as changing market conditions, regulatory developments, or shifting investor sentiment. For instance, the technology sector, which has been a major driver of market growth in recent years, may be experiencing a period of consolidation or rotation as investors reassess their positions.
The chemicals sector, which is heavily influenced by global demand and supply chain dynamics, may be facing headwinds due to factors such as trade tensions or fluctuations in raw material prices. Similarly, the telecom sector, which is characterized by intense competition and regulatory pressures, may be experiencing a period of caution as investors wait for clarity on key issues such as spectrum allocation or tariff structures.
The cement sector, which is closely tied to the construction and infrastructure industries, may be facing challenges due to factors such as slowing demand or increasing competition. Meanwhile, the new age sector, which encompasses emerging industries such as e-commerce or fintech, may be experiencing a period of adjustment as investors reassess their growth prospects and valuations.
Overall, the contrasting trends in rollover activity across different sectors suggest that investors are adopting a nuanced approach, selectively choosing to maintain or increase their positions in areas with strong momentum, while exercising caution in sectors where sentiment is more subdued. As the market heads into a new expiry period, it will be interesting to see how these trends evolve and whether sector-specific momentum can be sustained.
Societe Generale acquires a ₹79 crore stake in RBL Bank through a bulk deal transaction on the National Stock Exchange.
La banque française Societe Generale a acheté plus de 31 lakhs d’actions de RBL Bank, d’une valeur de près de 79 crores de roupies, via des transactions en gros sur le NSE. Les actions ont été acquises à 250,57 roupies pièce, ce qui représente une décote de 2 % par rapport au cours de clôture de mardi.
RBL Bank a enregistré plusieurs transactions en gros jeudi. Dans l’une d’elles, Societe Generale a acheté 32,78 lakhs d’actions, tandis que dans une autre, elle en a vendu 1,29 lakh à 251,19 roupies pièce. Au niveau net, le prêteur français est resté un acheteur.
En ce qui concerne les résultats, la banque privée a enregistré une baisse de 46 % de son bénéfice net trimestriel par rapport à l’année précédente, à 200,33 crores de roupies pour le trimestre juin 2025, contre 371,52 crores de roupies il y a un an. Cette baisse est attribuée à une diminution des revenus d’intérêts et à une augmentation des dépenses d’exploitation.
Le revenu net d’intérêts (NII) de la banque a diminué de 13 % par rapport à l’année précédente, à 1 481 crore de roupies, contre 1 700 crore de roupies. Cela représente une baisse de 5 % par rapport au trimestre de mars 2025. La marge d’intérêt nette (NIM) pour le premier trimestre de l’exercice 2026 est de 4,50 %. Le bénéfice d’exploitation a baissé de 18 % par rapport à l’année précédente, à 703 crores de roupies, car la banque a réduit les prêts non sécurisés et absorbé l’impact de la réduction du taux de réserve. Les dépenses d’exploitation ont augmenté de 12 % par rapport à l’année précédente, à 1 847 crores de roupies, contre 1 646 crores de roupies pendant la même période l’année précédente.
Mumbai Police Arrest Bank Employee for Alleged Rape and Extortion of Former Partner, Demanding Rs 1 Crore
An employee of RBL Bank, Dolly Kotak, has been arrested in Mumbai for allegedly trying to extort Rs 1 crore from her former partner by falsely accusing him of rape. The victim, an IT professional, claims that Kotak illegally accessed his financial data and got him jailed, forcing him to quit his job. The matter came to light when Kotak demanded Rs 1 crore from the victim’s sister in court in exchange for a no-objection certificate for his bail. She warned of dire consequences if her demands were not met.
Kotak allegedly accessed the victim’s personal and financial data with the help of bank employees. She removed the mobile number associated with his account and added her own, allowing her to receive his online banking details, GPS location history, and private photos. In May 2024, the victim received a threatening message from Kotak’s number, which read, “You will never win and will die in pain. Pay money or die in jail…” This harassment extended to his professional life, as Kotak emailed his employer’s human resources department, resulting in him being forced to resign under pressure.
The victim sought relief from the Borivali magistrate, who ordered the Charkop police to register an FIR under Section 175(3) of the Indian Civil Security Code. The police registered a case against Kotak and two others, Pramila Vas, an HDFC Bank employee, and Sagar Kotak. The victim claims that despite repeated refusals, Kotak continued to pressure him through frequent phone calls, eventually setting up a meeting at her lawyer’s office where she reiterated her extortion demand.
The case highlights the issue of data privacy and the misuse of power by bank employees. The victim’s experience is a disturbing example of how someone’s personal and financial data can be accessed and used to extort money. The arrest of Kotak and the registration of an FIR against her and others involved is a step towards justice for the victim. However, it also raises questions about the security measures in place at banks to prevent such misuse of data and the need for stricter laws to protect individuals from such harassment. The case is a reminder of the importance of protecting personal and financial data and the need for banks to ensure that their employees do not misuse their power.
Following RBI’s rate cut, major banks slash savings account interest rates, with SBI plunging to 2.5% and HDFC, ICICI reducing to 2.75%.
Major banks in India, including State Bank of India (SBI), HDFC Bank, and ICICI Bank, have reduced their interest rates on savings accounts following a 50 basis point repo rate cut by the Reserve Bank of India (RBI) in June 2025. The cumulative rate cut for this year now stands at 1%. As a result, savings account holders will see reduced returns on their deposits. SBI, the country’s largest lender, has revised its savings account interest rate to a uniform 2.5% per annum for all balances, effective June 15, 2025. This is a decrease from the previous rates of 2.7% for balances below Rs 10 crore and 3% for balances of Rs 10 crore and above.
HDFC Bank and ICICI Bank have also followed suit, revising their interest rates to a flat 2.75% per annum, effective June 10, 2025, and June 12, 2025, respectively. Other banks, such as Bank of Baroda, Federal Bank, IndusInd Bank, and RBL Bank, have also updated their rates in response to the RBI’s monetary policy move. The revised rates range from 2.5% to 6.75%, depending on the bank and the account balance.
The rate revisions come as banks adjust deposit returns to align with the easing interest rate cycle, which has also triggered a cut in fixed deposit (FD) rates across tenures. The uniform lower rate structure will impact depositors across balance slabs, resulting in reduced returns on their savings. The move is expected to affect millions of savings account holders across the country, who will see a decrease in their interest earnings.
The reduction in interest rates is a result of the RBI’s efforts to stimulate economic growth by reducing borrowing costs. However, it may not be good news for depositors, who will see their savings earn lower returns. The revised rates will be effective from mid-June 2025, and depositors can expect to see the changes reflected in their account statements soon. Overall, the reduction in interest rates on savings accounts is a sign of the changing economic landscape in India, where banks are adjusting to the new monetary policy reality.
CIO Ravi Pichan of RBL Bank Shares Insights on Implementing a Customer-Centric Digital Transformation Approach, as Featured in ET CIO
The banking sector has undergone significant digital transformation, with a focus on enhancing customer experience, streamlining operations, and improving financial services. RBL Bank is at the forefront of this transformation, with a customer-first approach and digital enablement driving its initiatives. According to Ravi Pichan, Chief Information Officer and Head of Digital Banking at RBL Bank, digital is no longer an additional feature, but the mainstream way of doing business and engaging with customers.
The bank’s focus is on enhancing both direct and assisted channels through digital transformation, ensuring minimal friction and the best possible customer experience. This includes investing in a state-of-the-art data center, expanding its cloud footprint, and delivering modern solutions across retail assets. The bank has also integrated newer government-backed capabilities, such as the Account Aggregator framework, to reduce friction in processes and improve credit decisioning.
RBL Bank has seen significant outcomes from its digital initiatives, including improved customer service, elevated roles, and optimized processes. The bank is also launching a brand-new mobile banking application, which will consolidate all its services into a single app, providing customers with a seamless and integrated experience.
Some of the key initiatives undertaken by RBL Bank include:
1. Building a state-of-the-art data center to serve as the foundation for all its digital offerings.
2. Expanding its cloud footprint for hyper-scaling.
3. Delivering modern solutions across retail assets, including home loans, two-wheeler loans, and car loans.
4. Integrating newer government-backed capabilities, such as the Account Aggregator framework.
5. Launching a brand-new mobile banking application to consolidate all its services into a single app.
The bank’s goal is to minimize friction and provide the best possible customer experience, with a focus on resolving issues swiftly and effectively. While it is still early days, the initial trend is moving in the right direction, with improved customer service and optimized processes. The bank is also investing in technology, with a proposed ROI heading in the right direction.
Overall, RBL Bank’s digital transformation journey is focused on providing a seamless and integrated experience for its customers, with a focus on minimal friction and maximum convenience. The bank’s initiatives are driven by a customer-first approach, with a focus on delivering modern solutions and investing in technology to stay ahead of the curve.
Earn up to 8.5% interest on your fixed deposits with RBL and Union Bank, exclusively available to select customers – MSN
Several banks in India have been increasing interest rates on fixed deposits (FDs) to attract customers and stay competitive in the market. Two banks, RBL Bank and Union Bank of India, are offering high interest rates of up to 8.5% on FDs to select customers. This move is expected to woo depositors looking for higher returns on their investments.
RBL Bank is offering an interest rate of 8.5% on FDs with tenures ranging from 2-10 years for senior citizens. For regular customers, the bank is offering an interest rate of up to 8% on FDs with tenures of 2-10 years. These rates are among the highest in the industry, making RBL Bank an attractive option for those looking for higher returns on their deposits.
Union Bank of India is also offering competitive interest rates on FDs. The bank is offering an interest rate of 8.1% on FDs with tenures of 5-10 years for senior citizens. For regular customers, the bank is offering an interest rate of up to 7.8% on FDs with tenures of 5-10 years.
These high interest rates are being offered to select customers, including senior citizens, non-resident Indians (NRIs), and existing customers. The interest rates are also subject to change and may not be available for all deposit amounts. It is essential for customers to check the interest rates and terms and conditions before investing in an FD.
The increase in interest rates on FDs is a result of the Reserve Bank of India’s (RBI) decision to raise the repo rate. The RBI has increased the repo rate by 225 basis points since May 2022, leading to a rise in lending rates and deposit rates. As a result, banks have been increasing interest rates on FDs to attract deposits and maintain their liquidity.
In conclusion, RBL Bank and Union Bank of India are offering high interest rates of up to 8.5% on FDs to select customers. These rates are among the highest in the industry, making them an attractive option for those looking for higher returns on their deposits. However, customers should check the interest rates and terms and conditions before investing in an FD. With the RBI’s decision to raise the repo rate, banks are expected to continue increasing interest rates on FDs, providing customers with more options for higher returns on their investments.
Q4 Earnings Review: HDFC Securities Analyzes Reliance Industries, RBL Bank, and DCB Bank’s Latest Results
RBL Bank Ltd.’s fourth-quarter earnings for the fiscal year 2025 were disappointing due to increased provisioning in the Microfinance (MFI) and credit card sectors. The bank’s loan growth slowed down to 10% year-over-year (YoY) for the fiscal year 2025, compared to 20% in the previous year. This decline was mainly driven by a decrease in unsecured lending segments.
The bank’s decision to make sustained and accelerated provisions in its MFI and credit card portfolios was a key factor in its muted earnings. This move was made in response to the continued elevated stress levels in these sectors. As a result, the bank’s provisioning costs increased, which negatively impacted its profitability.
The moderation in loan growth was a significant factor in the bank’s earnings performance. The 10% YoY growth in loans was slower than the 20% growth seen in the previous year. This decline was largely driven by a decrease in unsecured lending, which includes credit card and personal loans. The bank’s secured lending segments, such as mortgages and loans against property, may have seen more robust growth, but this was not enough to offset the decline in unsecured lending.
The rise in provisioning and moderation in loan growth are likely to be concerns for investors. The bank’s decision to make sustained provisions in its MFI and credit card portfolios suggests that it is taking a cautious approach to managing its asset quality. While this may be a prudent move, it could also impact the bank’s profitability in the short term.
Overall, RBL Bank’s Q4 FY25 earnings were muted due to the sustained accelerated provisioning and moderation in loan growth. The bank’s focus on managing its asset quality and reducing its exposure to stressed sectors is a positive step, but it may take some time for the benefits of these efforts to materialize. As the bank continues to navigate the challenges in the MFI and credit card segments, it will be important for it to balance its growth ambitions with the need to maintain a strong balance sheet and robust asset quality.
Transform your RBL Bank credit card payments with ease: Convert transactions into convenient EMIs with flexible tenures and competitive interest rates. Follow our step-by-step guide to achieve financial flexibility.
If you’re an RBL Bank credit cardholder and you’ve gone overboard with your spending this month, don’t stress! RBL Bank’s “Split n Pay” facility allows you to convert your transactions into easy Equated Monthly Installments (EMIs). This feature helps manage high-value spending by avoiding the need for full upfront cash payments.
You can convert your RBL Bank credit card transactions into EMIs through various methods:
1. Mobile apps: Use the MyCard Mobile App or MoBank Mobile App to convert transactions into EMIs, with the option to check interest rates, repayment tenures, and more.
2. WhatsApp facility: Send a message to initiate the EMI conversion process and follow prompts to complete it.
3. Customer care support: For assistance over the phone, reach out to RBL Bank’s customer care service.
RBL Bank offers flexible tenure options, allowing you to choose from 3, 6, 9, 12, 18, or 24 months. This flexibility helps you manage repayments based on your long-term financial goals and maintain a healthy credit score.
The interest rate for RBL Bank credit card EMIs ranges from 12% to 13% per annum, depending on the credit card and transaction amount. Additional processing charges apply, which will be provided at the time of application.
If you opt to prepay the EMI before the end of the tenure, a foreclosure charge of 3% of the outstanding principal amount applies. RBL Bank also offers flexible repayment tenures, typically ranging from 3 to 24 months.
Keep in mind that interest rates and policies may change, so it’s essential to check the official RBL Bank website or contact customer support for the most up-to-date information. Additionally, be aware of the risks associated with credit card usage and check regularly for latest offers and discounts on RBL Bank credit card EMIs.
In conclusion, RBL Bank’s “Split n Pay” facility provides a convenient way to manage financial burdens, with multiple conversion options, easy repayment plans, and competitive interest rates.
As the lucrative bank IPO market of the past decade saw IDFC First, Bandhan, RBL, Ujjivan, and Suryoday venture forth, the quest for the next HDFC Bank giant proves to be a reverse, with none managing to replicate its spectacular success.
The article highlights the struggles of banking stocks, particularly private banks that listed in the last decade. Despite being seen as having growth potential, many of these banks have underperformed the market, leading to significant losses for investors who tried to identify the “next HDFC Bank”. Out of 13 private bank IPOs in the last decade, only 2 have posted positive returns since their IPO, and none have beaten the index. Even larger banks, such as Federal Bank, have only managed to keep pace with the Nifty Bank index, with a CAGR of 10%.
The article suggests that “fortune favors scale”, implying that larger banks are more likely to perform well over the long-term. This is reflected in the Nifty Bank index, where the top 5 constituents (HDFC Bank, SBI, ICICI Bank, Axis Bank, and Kotak Mahindra Bank) account for 86.5% of the combined market capitalization of all Nifty Bank constituents, up from 17.5% in 2015.
The article concludes that investors would be better off buying the index rather than trying to pick individual stocks in the banking sector. This is a decade-long lesson learned, with many investors having lost money trying to identify the next high-performing bank. As legendary investor John Bogle once said, “Don’t look for a needle in the haystack. Just buy the haystack.” This piece of advice may be particularly relevant for long-term investors who are not sure how to pick stocks in the banking sector.
Double your returns with the IndianOil RBL Bank XTRA Credit Card, offering 8.5% value-back – is it a smart pick for you?
The IndianOil RBL Bank XTRA Credit Card is a co-branded fuel credit card offered by RBL Bank and Indian Oil Limited. It offers reward points that can be redeemed for fuel purchases at IndianOil fuel stations. The card offers a valueback of 8.5% on fuel transactions, making it an attractive option for individuals who frequent IndianOil fuel stations.
The card offers 15 Fuel Points for every Rs. 100 spent at IndianOil fuel stations, which can be redeemed for fuel worth Rs. 7.5, resulting in a valueback of 7.5%. Additionally, the 1% fuel surcharge is waived on transactions, increasing the total valueback to 8.5%. The card also offers a bonus of 1,000 Fuel Points on crossing the quarterly spends milestone of Rs. 75,000.
The card comes with a joining and annual renewal fee of Rs. 1,500 + Taxes. The annual fee is waived on spending Rs. 2,75,000 in the previous year. The card is available on the MasterCard and RuPay network, and can be redeemed for fuel purchases at IndianOil fuel stations.
The IndianOil RBL Bank XTRA Credit Card is a good option for individuals who have high monthly fuel spends and frequent IndianOil fuel stations. However, it may not be suitable for others who do not frequent IndianOil fuel stations or have lower fuel spends. Overall, the card offers a good valueback for fuel transactions, making it an attractive option for those who can take advantage of its benefits.
RBL Bank’s Chief Financial Officer Jaideep Iyer is still seeking clarity from the Reserve Bank of India (RBI) on liquidity concerns.
According to Jaideep Iyer, Head of Strategy at RBL Bank, the Reserve Bank of India (RBI) should infuse more durable liquidity in the financial system to enable bankers and customers to benefit from its rate cuts. Despite the RBI’s recent rate cut, bulk deposit rates and short-term certificate of deposit (CD) rates have not decreased, and are instead marginally higher than before the rate cut. Iyer believes that the RBI’s decision to cut the repo rate is “a little peculiar” and that focusing on durable liquidity is crucial, as variable rate auctions are short-term.
Iyer notes that the RBI has taken steps to infuse liquidity into the system over the past one-and-a-half months, but more comfort is needed. He expects the RBI to announce another one lakh crore of Open Market Operations (OMOs) to provide durable liquidity, which he defines as consistent liquidity from the beginning of the net financial year.
Iyer emphasizes that a accommodative liquidity situation is necessary for bankers and customers to benefit from the rate cuts. He suggests that the RBI should prioritize durable liquidity, as variable rate auctions are short-term measures, and the current situation is “a little peculiar” with the RBI on a rate cut cycle. Overall, Iyer’s views highlight the importance of effective communication and implementation in achieving the intended benefits of rate cuts and maintaining a healthy financial system.