Is RBL Bank a good buy?

Is RBL Bank a good buy?

THe brokerage maintains ‘Buy’ rating on RBL with a revised price target of Rs 126: It values the bank at 0.6x FY23 P/BV for an FY23E/24E RoE profile of 9.5/11.2%. Promoters held 0 per cent stake in the company as of 31-Mar-2022, while FIIs owned 30.59 per cent, DIIs 19.05 per cent.

Will RBL share go up?

Tomorrow’s movement Prediction of RBL Bank RBLBANK as on 28 Jun 2022 appears strongly Bearish. This stock started falling as soon as it opened and never recovered during the session….Munafa value: 35 as on 28 Tue Jun 2022.

Can we hold RBL Bank share?

The Shareholding Pattern page of RBL Bank Ltd. presents the Promoter’s holding, FII’s holding, DII’s Holding, and Share holding by general public etc….PREMARKET.

Is RBL Bank in loss?

In FY22, it reported a loss of Rs 74.74 crore whereas it had a net profit of Rs 507.78 crore in 2020-21. For the reporting quarter, its core Net Interest Income (NII) grew 25 per cent to Rs 1,131 crore, despite a tepid 2 per cent advances growth while the Net Interest Margin (NIM) widened sharply to 5.04 per cent.

Is RBL Bank safe?

More than a decade ago, on September 30, 2008, there was a similar release, assuring depositors about the safety of their money in one large private bank. This time around, the banking regulator has stated that RBL Bank is well capitalised and its financial position is satisfactory.

Who owns RBL?

RBL Bank

Which share is best to buy?

Stocks to Buy Today: Best Shares to Buy in India

How is RBL Bank performance?

RBL Bank share price analysis | ETMarkets….RBL Bank Share Price Returns.

What is RBL Bank full form?

26, 2014, the name of the Bank was changed from ‘The Ratnakar Bank Limited’ to ‘RBL Bank Limited’ so as to refresh its brand to be more focussed on new age customers and stakeholders.

Is RBL a private bank?

RBL Bank is one of India’s leading private sector banks with an expanding presence across the country. The Bank offers specialized services under five business verticals namely: Corporate & Institutional Banking, Commercial Banking, Branch & Business Banking, Retail Assets and Treasury and Financial Markets Operations.

Who are promoters of RBL Bank?

Rajeev Ahuja is the Managing Director & Chief Executive Officer (Interim) of RBL Bank and has over 30 years of experience in the financial services industry.

How can I buy RBL Bank shares?

You can easily buy RBL Bank shares in Groww by creating a demat account and getting the KYC documents verified online.

Is RBL Bank profitable?

Private sector lender RBL Bank reported a 162.5 per cent surge in its standalone net profit in Q4 FY22 with lower provisions and sharp growth in net interest income. For Q4 FY22, the bank’s net profit rose to ₹197.83 crore from ₹75.34 crore in the same period last fiscal.

Is RBL Bank in trouble the Hindu?

It should be noted that the balance sheet of RBL Bank came under stress in recent years and the pandemic has contributed to a significant increase in the size of the bank’s non-performing assets.

What is the rank of RBL Bank?

50 on the BSE, up 5.52% from its previous close. The bank listed on 31 August at a premium of 33% to its issue price. The Rs1,211 crore initial public offering received a demand for over 69 times the shares on offer. Since then, it has surged over 161.1% and so far this year it has gained 75.22%.

Is RBL a stable bank?

“The bank is well capitalised and the financial position of the bank remains satisfactory. As per half-yearly audited results as on September 30, 2021, the bank has maintained a comfortable Capital Adequacy Ratio of 16.33% and Provision Coverage Ratio of 76.6%,” it said.

What is the latest news about RBL Bank?

CLSA upgrades RBL Bank to ‘buy,’ cuts earnings estimate post Q3 numbers. RBL Bank | The bank reportedly will continue to invest in branches and capacity-building, leading to elevated cost ratios and driving FY23-FY24 earnings estimate cuts, CLSA said.

Which bank merged with RBL Bank?

On 9 August 2013 Ratnakar Bank announced that that it has agreed to acquire Royal Bank of Scotland’s Business Banking business Credit Cards business & Mortgage portfolio in India subject to approvals from Competition Commission of India (CCI).