RBLBANK

** 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)

(([email protected];))

** 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)

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

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

(([email protected];))

** 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)

(([email protected];))

** 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)

(([email protected]))

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

(([email protected];))

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

(([email protected];;))

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/
[email protected]))

** 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)

(([email protected];))

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

(([email protected];;))

** 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)

(([email protected];))

** Shares of CreditAccess Grameen CRDE.NS slide 8.1% to 907 rupees, set for their worst day since Feb. 2022

** Stock set to snap five-session winning run

** Goldman Sachs downgrades CRDE to "sell" from "buy", slashes PT to 564 rupees from 1,464 rupees, a Street-low per LSEG data

** Brokerage says microfinance lender's accelerating asset quality decline in Q2 a negative surprise

** Adds, asset quality to deteriorate further after newer regulations by the RBI

** Earnings visibility clouded amid asset quality concerns - Goldman Sachs

** Larger lenders IndusInd Bank INBK.NS, Kotak Mahindra Bank KTKM.NS and RBL Bank RATB.NS all flagged stress in microfinance loans-collateral-free loans given to those with an annual income of up to 300,000 rupees-in Q2 results

** Avg rating on CRDE remains "buy", median PT at 1,170 rupees - LSEG data

** CRDE drops ~43% YTD after two straight annual gains

(Reporting by Kashish Tandon in Bengaluru)

(([email protected]))

Moves position of 'to India' in paragraph 7, no other changes

By Rishika Sadam and Siddhi Nayak

Nov 28 (Reuters) - Indian banks are reviewing their Adani exposure and whether they need to tighten due diligence, eight bankers said on Thursday, after the group's billionaire founder Gautam Adani was indicted by U.S. authorities over an alleged $265 million bribery scheme.

Adani Group's listed stocks, which at one point saw as much as $34 billion wiped off their market value, meanwhile recovered ground as some partners and investors rallied behind it.

State Bank of India SBI.NS will not stop lending to ongoing Adani projects that are nearing completion, two sources told Reuters, but will exercise caution when disbursing loans to ensure all terms and conditions are being met.

Bank of India BOI.NS, Union Bank UNBK.NS, ICICI Bank ICBK.NS, Canara Bank CNBK.NS, IDBI Bank IDBI.NS and RBL Bank RATB.NS, which have relatively smaller exposures to the Adani Group, are undertaking similar exercises, sources said.

A regulatory source aware of the development said from a banking system perspective that no entity was over-exposed to the Adani group and there was no cause for concern.

Earlier on Thursday, Israel said it wants Adani Group to continue to invest there, adding that the U.S. allegations were not "problematic" from its perspective.

"We wish Adani and all Indian companies continue to invest in Israel," Israel's Ambassador to India Reuven Azar told Reuters in an interview.

The Adani Group holds a 70% stake in Haifa port in northern Israel and is involved in projects with Israeli firms, including manufacturing military drones and commercial semiconductors.

Adani and seven others are accused by U.S. authorities of being part of a scheme to pay bribes to secure Indian power supply contracts. The Adani Group has denied the allegations.

The Indian ports-to-power conglomerate has also received public backing from Abu Dhabi's International Holding IHC.AD, which maintained its outlook on investments in the group.

"Our partnership with the Adani Group reflects our confidence in their contributions to the green energy and sustainability sectors," IHC said on Wednesday, adding that it "continues to evaluate relevant information and developments".

IHC, which is one of Adani's key foreign investors, boosted its stake in the group's Adani Enterprises ADEL.NS flagship to more than 5% last year after selling down investments in Adani Green Energy ADNA.NS and Adani Energy Solutions ADAI.NS.

Shares in Adani Green, the company at the centre of the bribery allegations, rose by 10% on Thursday, hitting the cap on gains in a single session for a second consecutive day, with Adani Energy also up the maximum 10%.

The total losses in the value of Adani Group's 10 listed companies have narrowed to $14.5 billion from about $34 billion, the low reached on Tuesday after the U.S. indictments.

FALLOUT

Global investors say worries of a wider spillover from the Adani allegations will hurt sentiment in India, but not the long-term outlook, as they wager one of the world's best-performing markets will get back on track next year.

Investors expect a stronger spotlight on governance and disclosure, and perhaps some volatility, but say the affair has not challenged the reasons they are in India in the first place - for exposure to a growing economy and a huge consumer market.

Indian Prime Minister Narendra Modi's government has not commented on the allegations against the Adani Group and has blocked opposition party demands for a debate on them.

Both houses of India's parliament were suspended temporarily within minutes of opening on Thursday as opposition lawmakers disrupted proceedings for the third day over the issue.

Many opposition parties accuse Modi and his Bharatiya Janata Party (BJP) of favouring Gautam Adani and blocking investigations against him, charges which both have denied.

The Adani Group, which is among India's biggest business empires, has been under scrutiny since January 2023 short seller Hindenburg Research accused it of stock manipulation, which the group has denied, and questioned its high debt levels.

Adani Green said on Wednesday that Adani had been charged by U.S. Securities and Exchange Commission (SEC) for alleged violations of securities law and faced potential fines but had not been charged under the U.S. Foreign Corrupt Practices Act.

The civil action launched by the SEC runs in parallel to U.S. federal prosecutors' indictment against Adani and others.

Repercussions from the indictment have mounted for the Adani Group over the past week, with credit ratings agencies cutting the outlook for some of the listed companies' bonds.

French oil major TotalEnergies TTEF.PA, said on Monday it would not make any more investments in the Adani Group until there was clarity over the allegations and consequences. Total has a 20% stake in Adani Green.

Kenya has scrapped a $2 billion procurement project that was to give Adani control of the country's main airport and it shelved a 30-year, $736-million public-private partnership, signed by Adani Energy with its energy ministry in October.

Closer to home, Sri Lanka said it would investigate all Adani-related projects in the island nation, while Bangladesh is investigating power generation contracts signed under the previous prime minister, one of which was with Adani Power.

(Reporting by Hadeel Al Sayegh in Dubai, Shilpa Jamkhandikar in Mumbai and Nigam Prusty in New Delhi; Writing by Scott Murdoch, Chris Thomas; Editing by Alexander Smith)

(([email protected]; +852 3462 7757;))

By Siddhi Nayak

MUMBAI, Nov 8 (Reuters) - Indian lenders are bracing for another wave of defaults in their microfinance portfolios in the second half of the fiscal year after the banking regulator recently further tightened rules for such loans, four bankers said.

The default rates in microfinance loans -- collateral-free loans to those with annual income of up to 300,000 rupees ($3,556) -- had already jumped, as evidenced in the July-September results of IndusInd Bank INBK.NS, Kotak Mahindra Bank KTKM.NS, RBL Bank RATB.NS and Bandhan Bank BANH.NS.

The Reserve Bank of India (RBI), both the central bank and banking regulator, has previously publicly flagged unfair practices in the sector, including "usurious" interest rates and "unreasonably high" processing fees.

Last month, in its latest move, the RBI asked lenders to stop issuing new microfinance loans to borrowers unless they have cleared previous loans, three of the bankers said.

This, however, was conveyed informally, the bankers said, and could lead to cascading defaults as some borrowers will fail to repay dues without fresh credit. Banks offered such "netting off" of loans since many borrowers don't have a steady source of income, one banker said.

The RBI did not respond to an email from Reuters. Three bankers declined to be identified as they are not authorised to speak to the media.

Now, as the cessation of the netting-off impact starts playing out, loan installments will start spiraling and the stress in the sector should continue this quarter, said Venkatesh M, managing director of IIFL Samasta Finance.

"We are still not out of it."

The impact could last even longer, according to Gaurav Dua, senior vice-president and head of capital market strategy at Sharekhan by BNP Paribas.

"As regulations become stricter, stress will creep up and be prolonged. We think that this could play out for the next 4-6 months," Dua said.

Banks and non-bank lenders compete in the microfinance market, which has led to rapid growth in the availability of such credit. The total outstanding of such loans jumped by 18.3% on-year as of June-end, per latest data from industry body MFIN.

The RBI's instruction to stop netting off, one banker said, was to prevent evergreening loans -- in which banks extend new credit to borrowers unable to repay an existing loan, thereby concealing the true status of non-performing assets (NPAs) or bad loans.

($1 = 84.3680 Indian rupees)

(Reporting by Siddhi Nayak; Editing by Savio D'Souza)

(([email protected]; +91 22 6921 7848; Reuters Messaging: X: https://twitter.com/siddhiVnayak))

MUMBAI, Oct 31 (Reuters) - Indian banks' loan growth moderated this September, compared with the same month a year ago, central bank data showed on Thursday, as the impact of the Reserve Bank of India's clampdown on "exuberance" in retail lending continued.

Banks' credit grew at 14.4% year-on-year last month, slower than the 15.3% increase in September 2023, excluding the impact of HDFC Bank merging with parent Housing Development Finance Corp (HDFC), the RBI said.

Including the impact of the merger, banks' loans grew 13% last month, compared with 20% a year ago.

Loan growth had moderated in August as well.

Indian banks have consistently reported double-digit loan growth for a while, helped by healthy economic growth and urban consumption. However, the RBI, worried about the risk of bad loans, imposed higher capital requirements on banks late last year.

Despite that, some segments, such as personal loans and credit card loans posted strong growth, in excess of 25%, until earlier this year when the central bank governor warned against "exuberance".

The RBI followed up on its norms with a series of actions against non-complying entities and that, along with rising defaults especially in the once fast-growing segments like personal loans and credit cards, have slowed both loan growth.

Banks' personal loan growth halved to 12.1% in September from a year ago, while growth in credit card outstanding dropped to 18% from 31.4% a year ago, the RBI data showed.

A rise in defaults by over-leveraged small borrowers is hitting India's top lenders, with bank executives and analysts expecting higher levels of stress in these personal segments over the next year.

Credit growth to the services sector decelerated to 15.2% in September from 21.6% a year ago, primarily due to lower growth in credit to non-banking financial companies.

On the flip side, loans to industry grew by 9.1% year-on-year in September, quicker than the 6% growth last year.

(Reporting by Siddhi Nayak; Editing by Savio D'Souza)

(([email protected]; +91 22 6921 7848; Reuters Messaging: X: https://twitter.com/siddhiVnayak))

Adds name in editing credits

By Siddhi Nayak, Jaspreet Kalra

MUMBAI, Oct 29 (Reuters) - A rise in defaults by over-leveraged small borrowers is hitting India's top lenders, with bank executives and analysts expecting higher levels of stress in the personal loans and micro-credit segments over the next year.

The rise in defaults marks a turn in the credit cycle for Indian lenders, whose bad loans dropped to a multi-year low of 2.8% of all assets as of end-March, according to central bank data.

In the September quarter, however, five of the eight largest private sector banks have reported an increase in bad loans.

HDFC Bank HDBK.NS, Kotak Mahindra Bank KTKM.NS, IndusInd Bank INBK.NS, RBL Bank RATB.NS and IDFC First Bank IDFB.NS saw gross bad loans as a percentage of total assets rise between 2 basis points and 19 basis points during the quarter.

Most banks have also increased provisions, or funds set aside to cover bad loans, in anticipation of a rise in defaults.

The surge in retail loan defaults comes against the backdrop of a booming economy, which is seen expanding 7.2% in the current year to March 2025 with bank lending growing at twice that pace.

Segments such as personal loans and credit cards, in particular, saw much faster growth, in excess of 25% until earlier this year, forcing the central bank to step in to curb "exuberance" in retail lending.

Slippages, or the proportion of good loans turning bad, would be elevated and stress could remain high "for the next 3-4 quarters at least", said Pranav Gundlapalle, senior research analyst at Bernstein.

Rising defaults, along with higher capital requirements imposed on banks last year, and series of actions against exuberant lending practices have slowed growth in segments such as personal loans and credit cards.

While a moderate worsening of asset quality may not be an immediate cause of concern for well-capitalised banks, the trend of rising bad loans and slowing retail loan growth could weigh on their profitability outlook, analysts said.

"We do see a general trend, particularly in unsecured (loans), where there is stress across multiple segments," said Arjun Chowdhry, group executive for segments including cards and retail loans at Axis Bank AXBK.NS, the country's third-largest private lender.

Stress is being driven by "indebtedness" caused by over-leveraging, Chowdhry said on an analyst call.

RISING DEFAULTS

The surge in bad loans is being seen mainly among borrowers who have three or more unsecured personal loans, said Rajeev Jain, managing director of Bajaj Finance, India's largest retail non-bank lender, due to easy access to funding amid extensive competition to gain market share.

For example, Harpal Singh, a 45-year old Mumbai resident whose annual income is 780,000 Indian rupees ($9,278), racked up personal loans and credit card debt of five million rupees over the last six years and is now struggling with the repayments.

"Medical emergencies have completely wiped off my savings and the general cost of living in Mumbai is so high that there is hardly anything left to pay," Singh said.

Defaults have also risen in the microfinance segment, which includes loans given to low-income borrowers.

Climate-related disruptions to crops have eroded incomes in rural areas, said a banker with a state-run bank, declining to be identified as they are not allowed to speak to the media.

The central bank, which this month barred four non-bank lenders from fresh lending due to "usurious" pricing practices, has sought data from microfinance firms on loan spreads, said five sources familiar with the requests.

The sources declined to be identified as they are not authorised to speak to the media. An e-mail sent to the central bank was not answered.

($1 = 84.0740 Indian rupees)

(Reporting by Siddhi Nayak and Jaspreet Kalra; Editing by Ira Dugal and Raju Gopalakrishnan)

Oct 28 (Reuters) - Mahindra and Mahindra Financial Services Ltd MMFS.NS:

• GETS APPROVAL TO LAUNCH CO-BRANDED CREDIT CARDS WITH RBL BANK

Source text: [ID:]

Further company coverage: MMFS.NS

(([email protected];;))

Updates levels, adds analyst commentary in paragraphs 4-5, 7-8

Oct 25 (Reuters) - Shares of India's IndusInd Bank INBK.NS tumbled 15% on Friday, set for their worst day in over four years after the lender warned it would miss its full-year loan growth target, becoming the latest lender to flag the stress in microfinance loans.

The bank also posted an unexpected drop in second-quarter profit due to a jump in bad loans in the microfinance business, which are collateral-free loans to borrowers with annual income up to 300,000 rupees.

"Obviously, I don't think we should be able to do 18% to 22% (loan growth for the year). I think, given what has happened, we have to watch quarter to quarter," CEO Sumant Kathpalia said. Its loan growth was 13%-15% in the first two fiscal quarters.

IndusInd's stock slumped to its lowest since May 2023 and dragged banking stocks .NSEBANK down 0.8%. It was the biggest laggard on the blue-chip Nifty 50 .NSEI index.

Over the weekend, Kotak Mahindra Bank KTKM.NS and RBL Bank RATB.NS had also reported deterioration in asset quality and sharp jumps in bad loans due to stress in credit cards and microfinance loans. They expect the pressure to linger.

"As microfinance stress is likely to be high even in Q3 ... we reckon the stock shall underperform even after the sharp price correction," Nuvama Institutional Equities said, cutting their rating on the stock to "hold" from "neutral".

Indeed, the 32% slide in IndusInd's stock so far this year is the steepest on the Nifty 50, which has gained 12.3% in the same period.

While at least eight of the 41 analysts covering the stock cut their price targets, their average still remains the equivalent of "buy", according to LSEG data.

(Reporting by Nandan Mandayam in Bengaluru; Editing by Savio D'Souza)

(([email protected]; Mobile: +91 9591011727;))

** Shares of RBL Bank Ltd RATB.NS fall as much as 14% to 176.50 rupees, top loser on Nifty private bank index

** Private lender's Q2 profit fell 24.3% YoY to 2.25 bln rupees ($26.8 mln), net interest margin (NIM) at 5.04% vs 5.54% year earlier

** Nirmal Bang cuts TP by 8% to 219 rupees; downgrades stock to "Hold" from "Buy"

** Adds, results fell short of estimates due to slowdown in microfinance disbursements, higher slippages in credit cards, and NIM compression

** JP Morgan expects co's advances growth to remain below guidance in FY25 on uncertain credit environment, cuts TP by 16.7% to 225 rupees, maintains 'neutral' rating

** Co expects microfinance business to normalize by Q4, but we would remain watchful - JP Morgan

** ICICI Securities downgrades RATB to "Add", cuts TP to 220 rupees and FY25 PAT estimates by 35%

** RATB fell 35.8% YTD so far vs 3.6% gain in Nifty private bank index .NIFPVTBNK

($1 = 84.0560 Indian rupees)

(Reporting by Meenakshi Maidas in Bengaluru)

(([email protected];))

** Nifty Private Bank index .NIFPVTBNK up 2%, set for its biggest intraday pct gain since July 3; benchmark Nifty 50 NSEI up 0.4%

** Axis Bank AXBK.NS, which reported a bigger-than-expected Q2 profit, rises 5.5%; top gainer on the index

** Private banks are up on expectations that they will also report strong earnings - Saurabh Jain, assistant vice president of research of retail equities at SMC Global Securities

** ICICI Bank ICBK.NS (up 2.5%) and RBL Bank RATB.NS (up 1.2%) also among top gainers on private bank index

** RBL Bank will report qtrly results on Oct. 19, while ICICI will report on Oct. 26

** Private Bank index up 4.4% YTD compared to 14.4% rise in Nifty 50

(Reporting by Nishit Navin)

(([email protected];))

** Shares of private lender RBL Bank RATB.NS fall 2.1% after reporting sequential fall in loan growth in September quarter

** Gross loan growth halves to 1.5% Q/Q in September quarter compared to 3.3% in the previous quarter; retail loan growth at 2% Q/Q versus 10% Q/Q in the previous quarter

** Morgan Stanley flags higher-than-expected moderation in growth as a key risk for the stock

** RATB shares down 31% in 2024 so far, underperforming the 1.5% rise in private bank index .NIFPVTBNK, of which it is a constituent - LSEG data

(Reporting by Bharath Rajeswaran in Bengaluru)

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

Oct 4 (Reuters) - RBL Bank Ltd RATB.NS:

• TOTAL DEPOSITS AS OF SEPT END UP 20% Y/Y

• GROSS ADVANCES AS OF SEPT END UP 15% Y/Y

Source text for Eikon: ID:nBSE2hfJ1W

Further company coverage: RATB.NS

(([email protected];;))

** Shares of private lender RBL Bank RATB.NS fall about 2% to 221 rupees

** Morgan Stanley cuts target price to 210 rupees from 260 rupees earlier, reiterates "underweight" rating

** Adds RBL Bank could be the most exposed to expected credit loss (ECL) model implementation by central bank due to its riskier loan books and lower capital

** Adds net interest margin would remain a challenge amid tight deposit growth and high competition for the sector as a whole

** Avg rating of 17 analysts covering the stock at "buy"; median PT is at 276 rupees - LSEG data

** Stock down ~20% so far this year vs a ~3% rise in Nifty private bank index .NIFPVTBNK

(Reporting by Dimpal Gulwani in Bengaluru)

(([email protected]))

** Shares of RBL Bank Ltd RATB.NS fall as much as 4.2% to 228.05 rupees

** Around 3.2 mln shares change hands in 6 separate block deals, per National Stock Exchange of India data, all at a discount to previous closing price of 237.95 rupees

** EQT via Maple II BV to sell entire 7.9% stake in RATB via block deals on Thursday, Moneycontrol reports

** RATB, EQT did not immediately respond to Reuters' requests for comment

** In all, ~20.2 mln shares traded vs 30-day avg volume of ~6.1 mln shares

** Analysts tracking RATB rate it "buy" on avg - LSEG data

** Stock extends YTD losses to 18% vs Nifty Bank index's .NSEBANK 5.3% rise

(Reporting by Nandan Mandayam in Bengaluru)

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

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

Source text for Eikon: ID:nBSE80bwQm

Further company coverage: RATB.NS

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** Shares of RBL Bank drop 2% to 261 rupees

** Private lender on Thursday said its total deposits in the June-qtr fell 2% quarter-on-quarter

** Stock second biggest loser in the Nifty Private Bank Index .NIFPVTBNK behind HDFC Bank HDBK.NS

** HDBK also down 4% after it posted sequential drop in loans, flat deposits

** RBL Bank is down nearly 7% YTD vs a 5.5% rise in Nifty Private Bank Index

(Reporting by Nishit Navin)

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July 4 (Reuters) - RBL Bank Ltd RATB.NS:

• RBL BANK - TOTAL DEPOSITS DOWN 2% Q/Q AT JUNE END

• RBL BANK - PROVISIONAL GROSS ADVANCES AS OF JUNE END UP 18% Y/Y

Source text for Eikon: ID:nBSE9285BN

Further company coverage: RATB.NS

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June 27 (Reuters) - RBL Bank Ltd RATB.NS:

• TO RAISE UP TO 35 BILLION RUPEES VIA QUALIFIED INSTITUTIONAL PLACEMENT

• TO ISSUE DEBT SECURITIES WORTH UP TO 30 BILLION RUPEES ON PRIVATE PLACEMENT BASIS

Further company coverage: RATB.NS

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June 24 (Reuters) - RBL Bank Ltd RATB.NS:

• TO CONSIDER PROPOSAL FOR RAISING OF FUNDS BY WAY OF A QUALIFIED INSTITUTIONAL PLACEMENT

• TO CONSIDER PROPOSAL FOR ISSUE OF DEBT SECURITIES, IN ONE OR MORE TRANCHES, ON PRIVATE PLACEMENT BASIS

Source text for Eikon: ID:nBSEbV0WqY

Further company coverage: RATB.NS

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