RBLBANK

Feb 25 (Reuters) - RBL Bank Ltd RATB.NS:

• RBI APPROVES SBI MUTUAL FUND TO ACQUIRE UP TO 9.99% STAKE IN BANK WITHIN ONE YEAR

Source text: [ID:]

Further company coverage: RATB.NS

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Feb 23 (Reuters) - RBL Bank Ltd RATB.NS:

• RBI APPROVES RE-APPOINTMENT OF CHANDAN SINHA AS NON-EXECUTIVE (PART-TIME) CHAIRMAN

Source text: ID:nBSE842y4j

Further company coverage: RATB.NS

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Adds details from paragraph 2-9

By Nikunj Ohri

NEW DELHI, Feb 2 (Reuters) - The Indian government is holding inter-ministerial consultations to raise the limit on foreign direct investment in state-run banks to 49% from 20%, India's financial services secretary M Nagaraju told reporters on Monday.

Foreign interest in India's banking industry is on the rise as evidenced for instance by Dubai-based Emirates NBD's ENBD.DU $3 billion purchase of a 60% stake in private RBL Bank RATB.NS.

Currently, India allows 74% foreign investment in private banks but limits shareholdings of any single foreign institution to 15% unless the Reserve Bank of India grants an exemption.

The Asian nation plans to more than double current limits of direct foreign investment in state-run banks, Nagaraju said. Raising the foreign ownership limit will help them gain more capital in the coming years, Reuters reported last year.

Separately, India's state-run banks will launch qualified institutional placement (QIP) of shares worth about 500 billion rupees ($5.46 billion) in the fiscal 2026-27 year (April-March), more than the planned 450 billion rupees in the current fiscal year, Nagaraju said.

He was speaking to reporters in New Delhi a day after Finance Minister Nirmala Sitharaman presented the nation's annual budget .

New Delhi may also launch an offer next year to sell a portion of its stake in the insurance behemoth Life Insurance Corporation LIFI.NS, he added.

The Indian government will also get financial bids for IDBI Bank IDBI.NS this month, Nagaraju said.

The government, which owns 45.48% in IDBI Bank, and state-owned LIC which holds 49.24%, together plan to sell 60.7% of the lender. IDBI Bank had to be rescued by the state-owned insurer in 2019 after a surge in bad loans at the lender.

($1 = 91.6350 Indian rupees)

(Reporting by Nikunj Ohri; Writing by Tanvi Mehta; Editing by Sonali Paul and Raju Gopalakrishnan)

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Jan 21 (Reuters) - Major stock markets in the Gulf were subdued in early trade on Wednesday, tracking softer Asian equities as worries over global trade and geopolitical tensions dampened investor sentiment.

Asian shares fell for a third straight session as tensions rose over U.S. President Donald Trump's threats to acquire Greenland and revive a trade dispute with the European Union.

The MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS fell 0.5%.

Saudi Arabia's benchmark index .TASI fluctuated in a narrow band around its previous close.

Meanwhile, oil prices - a catalyst for the Gulf's financial markets - slipped as expectations of a rise in U.S. crude stockpiles overshadowed a brief production stoppage at two major Kazakh oilfields and fresh geopolitical jitters tied to U.S. tariff threats amid its push to take control of Greenland.

Dubai's main share index .DFMGI edged 0.1% higher, helped by a 1.3% rise in top lender Emirates NBD (ENBD) ENBD.DU. India's competition regulator said on Tuesday it had cleared ENBD's acquisition of a stake in RBL Bank RATB.NS.

In Abu Dhabi, the index .FTFADGI traded flat.

Separately, Abu Dhabi sovereign wealth fund Mubadala is targeting opportunities in artificial intelligence and robotics, viewing the sectors as a major source of industrial growth and a guide for future investments, its group CEO said on Tuesday.

The Qatari index .QSI added 0.2%, with telecoms firm Ooredoo ORDS.QA rising 2.5%.

Qatari Prime Minister Sheikh Mohammed bin Abdulrahman al-Thani said on Tuesday that Qatar intends to support local firms in competing internationally, indicating fresh measures in the country's drive to diversify its economy beyond energy.

(Reporting by Ateeq Shariff in Bengaluru; Editing by Ronojoy Mazumdar)

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Jan 20 (Reuters) - India's competition regulator on Tuesday said it approved the acquisition of shares in RBL Bank RATB.NS by Dubai's Emirates NBD Bank ENBD.DU.

In October, Emirates NBD announced a plan to buy 60% stake in the Indian lender for $3 billion.

(Reporting by Nishit Navin)

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** Nifty 50 .NSEI and Sensex .BSESN fall 0.7% each, as heavyweights Reliance and ICICI Bank drop on Q3 profit miss

** 13 of 16 major sectors decline; small-caps .NIFSMCP100 and mid-caps .NIFMDCP100 fall 0.7% and 0.4%, respectively

** Reliance RELI.NS sheds 3.3%; Q3 profit view missed on retail slowdown

** ICICI Bank ICBK.NS slips 3%; RBI-led provisions on agri loans and new labour law hurt Q3

** RBL Bank RATB.NS dips 7.3% after reporting lower-than-expected December quarter profit

** Wipro WIPR.NS falls 7% on dour earnings outlook for ongoing Q4 after posting tepid Q3 results

** IT firm Tech Mahindra TEML.NS gains 3.2% after robust Q3, aided by growth in communications and manufacturing segments

** Bharat Coking Coal BARC.NS, country's top coking coal miner, lists at 96% premium

** Sentiment hit after Trump vows to impose new tariffs on 8 EU members unless Washington is allowed to buy Greenland

(Reporting by Bharath Rajeswaran in Bengaluru)

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MUMBAI, Jan 17 (Reuters) - Indian private lender RBL Bank RATB.NS reported a lower-than-expected profit for the three months ended December on Saturday, in its first quarterly earnings since Dubai's Emirates NBD bought a majority 60% stake in the bank.

RBL Bank posted a standalone net profit of 2.14 billion Indian rupees ($23.60 million) for the quarter ended December, compared with 326 million rupees a year earlier.

Analysts had expected a profit of 2.94 billion rupees, according to data compiled by LSEG based on estimates of four analysts.

Profits rose as the bank cut provisions for bad loans and other contingencies by 46%.

The private lender's net interest income rose 5% to 16.57 billion rupees for the third quarter, as loans registered strong 14% growth, helped by a robust increase in lending in its retail book.

The bank's deposit base grew 12% during the quarter.

In October, Emirates NBD ENBD.DU agreed to buy a 60% stake in RBL Bank for $3 billion, in one of the largest ever cross-border acquisitions involving India's financial sector.

The transaction was among a series of cross-border deals in India last year, coming months after Japan's Sumitomo Mitsui Banking Corporation's move to buy up to 25% of Yes Bank.

The lender said it has reduced growth across its unsecured loan book, considered as riskier while stepping up growth in mortgages and auto loans, the bank's chief executive officer R. Subramaniakumar said at a press briefing after the earnings.

The bank will also focus on lending to small businesses and on providing services to non-resident Indians as it integrates with the network of Emirates NBD, he said.

RBL Bank's asset quality improved with the gross non-performing asset ratio at 1.88% at the end of December, compared with 2.32% at the end of September.

($1 = 90.6820 Indian rupees)

(Reporting by Ashwin Manikandan and Ira Dugal in Mumbai; Editing by Ronojoy Mazumdar and Jacqueline Wong)

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Dec 31 (Reuters) - RBL Bank RATB.NS:

• REQUEST TO REGULATOR, GOVERNMENT TO TEMPORARILY CAP FOREIGN SHAREHOLDING AT 24% NOT ACCEDED TO

• AS PER LATEST SHAREHOLDING PATTERN, EMIRATES NBD HAS SUFFICIENT FOREIGN SHAREHOLDING HEADROOM TO HOLD A MINIMUM OF 51% IN THE BANK

• BANK, EMIRATES NBD CONTINUE TO ENGAGE WITH GOVERNMENT, RBI FOR OTHER REQUISITE REGULATORY APPROVALS

Source text: ID:nNSE6HDGsb

Further company coverage: RATB.NSENBD.DU

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Dec 30 (Reuters) - RBL Bank Ltd RATB.NS:

• DEEPAK RUIYA APPOINTED AS INTERIM CFO EFFECTIVE DECEMBER 30, 2025

Source text: ID:nBSE2dpTMp

Further company coverage: RATB.NS

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Adds details and background throughout

Nov 6 (Reuters) - India's Mahindra & Mahindra MAHM.NS sold its entire 3.5% stake in RBL Bank RATB.NS for 6.78 billion rupees ($77.1 million), the automaker said on Thursday, marking a 62.5% return on its 2023 investment.

At the time of the acquisition, CEO Anish Shah said the move was aimed at gaining deeper insights into the banking sector over a seven- to 10-year period and would be maintained unless a strategic opportunity emerged.

Analysts had questioned the rationale behind the investment, given Mahindra's core focus on automobiles. The company later said it had no intention to increase its holding in the lender.

Shares of the automaker rose 1.5% in early trade on Thursday, while RBL inched 1% higher.

The exit comes weeks after Dubai’s Emirates NBD ENBD.DU announced plans to acquire a 60% stake in RBL Bank for $3 billion, in what would be the largest cross-border deal in India’s financial sector.

($1 = 87.8950 Indian rupees)

(Reporting by Urvi Dugar and Kashish Tandon in Bengaluru; Editing by Rashmi Aich and Sonia Cheema)

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Rewrites, adds details throughout

Oct 24 (Reuters) - Blackstone will invest about $705 million in India's Federal Bank FED.NS for a 9.9% stake, the private lender said on Friday, adding to the growing list of large deals by marquee investors.

The deal will make the private equity firm the largest shareholder in the bank.

Dealmaking in Indian private banking space has picked up pace this year. Last week, Dubai-based bank Emirates NBD purchased a 60% stake in RBL Bank RATB.NS for $3 billion. Japan’s Sumitomo Mitsui Banking Corporation SMBC bought a 20% stake in Yes Bank YESB.NS in May and then an additional 4.2% in September.

Blackstone will invest in Federal Bank through a Singapore-based affiliate that has entered a share-purchase agreement with the bank, which includes the right to nominate a non-executive director to its board.

The deal will be executed through preferential equity shares and warrants, and is subject to approval from shareholders and the banking and competition regulators.

Federal Bank's shareholders will meet in a so-called extraordinary general meeting on November 19 to approve the preferential share issue and board seat.

Shares of lender rose 1.15% to 229.00 rupees in Mumbai.

The bank, which has a loan book of 2.44 trillion rupees, posted a 9.6% decline in its net profit to 9.55 billion rupees for the September quarter due to a decline in treasury income and a rise in funds kept aside for bad loans.

($1 = 87.8950 Indian rupees)

(Reporting by Ashwin Manikandan and Manvi Pant; Editing by Janane Venkatraman and Mrigank Dhaniwala)

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Oct 1 (Reuters) - RBL Bank Ltd RATB.NS:

• RBL BANK LTD - GETS GST DEMAND OF 920 MILLION RUPEES

Source text: ID:nBSE5YyDj4

Further company coverage: RATB.NS

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** Shares of RBL Bank RATB.NS rise as much as 2.5% to 277 rupees; last up about 2%

** Citi says bank's lending margins, which bottomed out in June, set to improve this quarter

** Notes loan growth picking up via secured retail, commercial lending; microfinance disbursements now exceed repayments

** Fee income gaining momentum; cost-control benefits expected from H2 FY26

** Citi reiterates "buy", PT 300 rupees

** Ends 90-day "positive catalyst" watch during which RBL outperformed Nifty Bank .NSEBANK by 16%

** Projects 4% QoQ, 11% YoY loan growth

** RBL up 71% YTD vs NSEBANK's 9%

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

** Shares of RBL Bank RATB.NS gain 4.3% to 261.65 rupees; set for best day since early-July

** Societe Generale SOGN.PA net bought 3.3 million RATB shares for 250.57 rupees apiece via bulk deal, exchange data showed

** About 28.2 million shares traded, 2.3x the 30-day avg

** Stock still down 1.9% so far in August, set to snap five straight months of gains

(Reporting by Manvi Pant in Bengaluru)

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Aug 12 (Reuters) - RBL Bank Ltd RATB.NS:

• PARTNERS WITH CAMS TO PROVIDE MERCHANT ACQUIRING SETTLEMENT SERVICE

• PARTNERSHIP WILL ENABLE REAL-TIME SETTLEMENTS AND SECURE CARD PROCESSING

Source text: ID:nBSE8V96ms

Further company coverage: RATB.NS

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** RBL Bank RATB.NS falls 2.1% to 257.69 rupees; among top pct losers on Nifty 500 index .NIFTY500, which is down 0.24%

** Private lender reports 46% y/y decline in Q1 net profit; net interest income drops 13%

** Net interest income is the difference between interest earned and paid

** Stock rated "buy" on avg; median PT is 220 rupees, per data compiled by LSEG

** YTD, RATB gains 63%

(Reporting by Manvi Pant in Bengaluru)

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July 2 (Reuters) - Emirates NBD Bank PJSC ENBD.DU:

• RBL BANK ON REPORT OF EMIRATES NBD EYEING STAKE, SAYS ROUTINELY EVALUATE VARIOUS OPPORTUNITIES

Source text: ID:nBSEbngKH4

Further company coverage: ENBD.DU

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** RBL Bank RATB.NS stock climbs 3.7% to 248.27 rupees, nears one-year high

** Citi starts 90-day catalyst watch on lender's stock and hikes PT to 285 rupees from 230 rupees, implying 15.4% upside to RATB's current price

** Says return on assets to improve 45-50 bps driven by credit cost normalisation

** Adds, slippage to moderate to 4.5% in Q1 from 4.7% in Q4 with stress in credit cards vertical to also subside

** Avg rating on RATB at "buy"; median PT is 220 rupees - data compiled by LSEG

** Stock extends YTD gains to nearly 57%

(Reporting by Kashish Tandon in Bengaluru)

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** India's RBL Bank RATB.NS jumps 9.5% to hit six-month high of 206.89 rupees; on course for biggest daily pct gains since October 2022

** At least three brokerage firms upgrade rating on RATB, nine hike PT after Q4 earnings on Friday, as per LSEG data

** Lender posts 10% growth in net advances in Q4, net interest margin at 4.89%

** Investec upgrades to "buy" from "hold", while ICICI Securities ups rating to "add" from "hold"

** Credit costs and return on assets (RoA) improving, says ICICI Securities

** Adds 1% RoA by end of FY26 can drive stock re-rating

** "Business growth is gaining traction and slippages are expected to normalize by 2QFY26," says Motilal Oswal Financial Services, as it upgrades stock to "buy" from "neutral"

** YTD, RATB up 30.9% vs 11.3% gains in Nifty Private Bank .NIFPVTBNK index

(Reporting by Vivek Kumar M)

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** India's financial services index .NIFTYFIN rose 0.2% on Friday, bucking the broader market decline

** The Nifty 50 .NSEI has slipped 2% in two sessions since U.S. President Donald Trump announced reciprocal tariffs on India and others

** Financials held steady, supported by strong pre-quarterly updates from HDFC Bank HDBK.NS, Bajaj Finance BJFN.NS, Bank of Baroda BOB.NS, and RBL Bank RATB.NS

** "Strong business updates have supported financials even as broader sentiment remains weak," says Aishvarya Dadheech, CIO of Fident Asset Management

** Analysts believe U.S.-linked growth fears may push the RBI to accelerate rate cuts, which could lower banks' funding costs despite margin pressure

** Financial stocks are also benefiting from cheaper valuations, attracting investor interest, Dadheech adds

** The financial services index is up 5.3% in 2025, outperforming the Nifty 50’s 3.3% drop

(Reporting by Bharath Rajeswaran in Bengaluru)

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April 3 (Reuters) - RBL Bank Ltd RATB.NS:

• RBL BANK LTD - GROSS ADVANCES AS ON MARCH 31 UP 11% Y/Y

• RBL BANK LTD - TOTAL DEPOSITS AS ON MARCH 31 UP 7% Y/Y

Source text: ID:nBSE1HszGM

Further company coverage: RATB.NS

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** Shares of IndusInd Bank INBK.NS down 0.5% at 681 rupees

** INBK shares down 27.5% this week on net worth hit due to discrepancies in derivative accounts and a smaller one-year extension to CEO; on course for worst week in five years

** Despite the drop, CLSA stock sees 31% upside in the next 12 months for the private lender

** While CLSA cut its price target to 900 rupees from 1,300 rupees, it maintained its "outperform" rating flagging possibility of some near-term positives

** Two fundamental positives in near term could be recovery in microfinance book and respite for margins on better liquidity and rate cuts - CLSA

** CLSA likens the one-year extension given to INBK's CEO earlier in the week to similar extension given to RBL Bank's RATB.NS MD four years ago

** INBK may also recover like RATB's shares did, if it meets the Street expectations on earnings in the next four-six quarters, says CLSA

** INBK stock down 29% YTD vs 5.5% drop in Nifty Bank index.NSEBANK

(Reporting by Nishit Navin)

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** Shares of RBL Bank RATB.NS fall 2.1% to 152 rupees

** Shares on track for third straight day of losses, if trend sustains

** Indian tax authorities initiate search at lender's three offices in Maharashtra

** Stock trading below key 50-, 100-, 200- daily moving avgs

** Analysts' avg rating on stock is "hold" vs "buy" on peers AU Small Finance Bank AUFI.NS and Bandhan Bank BANH.NS; median PT on RATB is 170 rupees - data compiled by LSEG

** Stock down ~4% so far this year, continuing a 43% decline from 2024

(Reporting by Aleef Jahan in Bengaluru)

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March 3 (Reuters) - One 97 Communications Ltd PAYT.NS:

• ONE 97 COMMUNICATIONS LTD - PAYTM PARTNERS WITH RBL BANK FOR DIGITAL PAYMENT ADOPTION

• ONE 97 COMMUNICATIONS - PAYTM TO PROVIDE SOUNDBOX, CARD MACHINES TO RBL BANK MERCHANTS

Source text: ID:nBSEb9jmdX

Further company coverage: PAYT.NS

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Feb 13 (Reuters) - RBL Bank Ltd RATB.NS:

• RBL BANK LTD - RBI APPROVAL FOR RE-APPOINTMENT OF R. SUBRAMANIAKUMAR AS MANAGING DIRECTOR & CEO

Source text: ID:nBSE56Bc

Further company coverage: RATB.NS

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The author is a Reuters Breakingviews columnist. The opinions expressed are her own.

By Shritama Bose

MUMBAI, Jan 23 (Reuters Breakingviews) - A small-loan crisis is creeping up on India’s banks. Bad debt inched up at the $146 billion HDFC Bank HDBK.NS and other private lenders in the three months to the end of December, and the central bank recently warned of a deep rot in small loans. The $2 trillion banking system is better prepared for an asset quality crisis than a decade ago, but a stalling economy could batter its defences.

HDFC’s gross bad loan ratio rose six basis points from the end of September to 1.42%. Axis Bank AXBK.NS doubled its provisions and contingencies from the same three-month period in the previous year to account for defaults on unsecured personal loans, and Kotak Mahindra Bank KTKM.NS raised them by 37%.

India’s banks learnt some lessons from the last blowup in 2015-16, when a string of chunky project loans left their balance sheets bleeding. At 16.7%, their capital as a share of risk weighted assets is nearly four percentage points higher than in 2014. The share of the top 100 borrowers in outstanding loans is down to 15% from 18%. Bad loans are at a 12-year low of 2.6%. And the Reserve Bank of India mandates Indian lenders hold a 2.5% buffer above the 9% minimum capital requirement under Basel III norms. It tightened the screws on unsecured loans in November 2023 to curb excessive risk-taking.

Macroeconomic disruption could mess with that. An RBI stress test revealed that in an extreme scenario where GDP growth slows to around 3% and inflation rises to 7.8%, four banks may breach the minimum capital requirement of 9%.

Mid-sized private banks are prone to that risk. In 2020, Yes Bank’s YESB.NS rivals rescued it from near-failure with cash infusions and months later, Singapore's DBS DBSM.SI acquired another capital-starved lender based in southern India. That’s making markets jittery about private lenders like RBL RATB.NS and IndusInd Bank INBK.NS which specialise in microloans of under $500, the segment where the stress is deepest. The finance chief of IndusInd, which reported surging provisions and a profit drop in the September quarter, resigned on Friday.

So far the risk is limited to only a slice of loans -- unsecured loans account for a quarter of total bank credit. To contain it, banks are easing off on new lending. That in turn could slow GDP growth further. It’s a feedback loop India can ill afford.

Follow @ShritamaBose on X

CONTEXT NEWS

HDFC Bank on Jan. 22 reported consolidated net profit of $2.04 billion for the three months to Dec. 31, 2% higher than in the same period a year earlier. The bank’s gross non-performing asset ratio rose six basis points from the end of September to 1.42%.

IndusInd Bank on Jan. 18 said Chief Financial Officer Gobind Jain resigned from the position on the previous day to pursue other professional opportunities.

(Editing by Antony Currie and Ujjaini Dutta)

((For previous columns by the author, Reuters customers can click on BOSE/
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** RBL Bank RATB.NS falls as much as 5.8% to 146.10 rupees

** RATB saw ~28% q/q jump in Q3 slippages, or loans classified as non-performing for the first time

** Q3 net profit plummets 86% y/y

** Funds for potential bad loans more than doubled in Q3, eating into co's profit

** Nirmal Bang says slowdown in loan growth, compression in margins and sharp rise in provisions led to sharp decline in profit

** Eight brokerages, including Nirmal Bang, slash PT post results, one raises - LSEG

** Current median PT 22.4% lower than last month's

** Stock fell 43.4% in 2024

($1 = 86.4825 Indian rupees)

(Reporting by Ashish Chandra in Bengaluru)

(([email protected] (+91 7982114624))

** RBL Bank RATB.NS rises 3.3% to 168.15 rupees

** Bank's total deposits for Q3 rises 15% y/y, gross advances up 13% y/y

** Stock set to gain for third straight session

** RATB fell 43.4% in 2024 vs 55.7% gains in 2023

(Reporting by Vijay Malkar)

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Dec 16 (Reuters) - RBL Bank Ltd RATB.NS:

• RE-APPOINTS R SUBRAMANIAKUMAR AS MANAGING DIRECTOR & CEO

Source text: ID:nBSE47dHTF

Further company coverage: RATB.NS

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** Shares of private lender RBL Bank RATB.NS fall 4.8% to 147.72 rupees

** Co says it mutually agreed with Bajaj Finance BJFN.NS to stop issuing new co-branded credit cards; BJFN shares down 0.4%

** Emkay cuts its FY25/26/27 earnings estimates for RBL by 18%/3%/6% and TP to 250 rupees from Street-high of 325 rupees; says cut reflects slower near-term growth

** Ambit Capital, among the top-rated brokers for RBL as per LSEG, says other card sourcing channels are growing but won't fully offset the loss of BJFN partnership; trims PT to 135 rupees from 145 rupees

** Ambit, also the highest-rated broker for BJFN, trims FY26/27E EPS estimates for co by 2%

** Avg rating on RATB is close to 'hold,' median PT falls to 220 rupees from 230 rupees - LSEG data

** Including session's losses, stock down ~46% YTD while BJFN is down 10.7%

(Reporting by Yagnoseni Das in Bengaluru)

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