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
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.
Stock Market Updates of RBL Bank
Recent Updates
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.