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RBL Bank Q4 results: Standalone PAT jumps 30% YoY to Rs 353 crore

RBL Bank Q4 results: RBL Bank posted a 30% increase in net profit, reaching Rs 353 crore for the quarter ending March 31, 2024, compared to Rs 271 crore recorded in the same period last year. Additionally, the profit after tax (PAT) surged by 51% sequentially, rising from Rs 233 crore in the October-December quarter.

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RBL Bank Limited Recommends Dividend

RBL Bank Limited at its board meeting held at on April 27, 2024, recommended dividend of INR 1.50 per equity share of INR 10/- each fully paid up to be payable subject to the approval of the...

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Mastercard and Google Pay Come together to Facilitate Tokenization for Card-based Payments across India

Mastercard and Google Pay Come together to Facilitate Tokenization for Card-based Payments across India : Rashtra News The companies work together to provide consumers choice - strengthening the ease, safety, and security of digital payments in India Mastercard cards on Axis Bank, Federal Bank, HDFC Bank, HSBC, RBL Bank, and SBI Card are live

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RBL Bank appoints ex-South Indian Bk MD Murali Ramakrishnan as independent director

Private sector lender RBL Bank on Thursday announced the appointment of banking industry veteran Murali Ramakrishnan as an independent director on its board. Ramakrishnan, who retired as the managing director and chief executive of South Indian Bank till 2023, has been appointed for four years starting from Thursday, a statement said.

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Paytm shares fall 4% after payment bank CEO quits

The development comes almost a month after Paytm Payments Bank stopped basic banking services under the instructions from the Reserve Bank of India.

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Paytm Bank: Paytm Payments Bank CEO Surinder Chawla resigns

India's Paytm informed the exchanges that Surinder Chawla had resigned as the chief executive officer of its banking unit Paytm Payments Bank "on account of personal reasons". This comes almost a month after the entity stopped basic banking services under instructions from the Reserve Bank of India.

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Citigroup buys shares of two banks for Rs 222 crore

US-based Citigroup on Monday bought shares of two private lenders, RBL Bank and South Indian Bank, for Rs 222 crore through open market transactions. Citigroup through its affiliate Citigroup Global Markets Mauritius purchased shares through two separate bulk deals on the BSE.

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Hot Stocks: Brokerage view on L&T Finance, Federal Bank, D-Mart and RBL Bank

Citigroup maintains sell rating on RBL Bank with Rs 257 target. Macquarie has outperform rating on D-Mart with Rs 4500 target. Avenue Supermarts shows stable sales growth. Federal Bank also under Citigroup's sell rating at Rs 135.

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60% of stocks in Vanguard's India portfolio lag in 2024

Vanguard's India stock portfolio struggled in 2024, with major laggards like Zee Entertainment. Despite setbacks, top performers like Indiabulls Real Estate and Tata Motors DVR show promising growth potential in Vanguard's diverse holdings.

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RBL Bank shares jump over 5% on Q4 business update

RBL Bank stock soared 5.6% to Rs 156.7 on BSE as deposits grew 22% YoY. Advances increased by 19% YoY, with retail advances experiencing a 29% YoY growth. Analysts' consensus target price is Rs 268.

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