RBL RuPay Credit Cards: Lender says users can now enjoy seamless, secure, and instant payments through UPI, along with hassle-free travel facilitated by NCMC feature

RBL Bank launches RuPay credit cards with UPI and NCMC functionalities

RBL Bank has revised the interest rates of fixed deposits for amounts below Rs 3 crore. The revised FD interest rates are effective from July 29, 2024. The bank has also revised savings account interest rates, and the new rates are effective July 1, 2024.

FD rate up to 8.6%: This private bank revises interest rates on fixed deposits

An analyst from StoxBox said that Adani Green’s price action has entered a sideways trend, fluctuating within a broader range of 25 per cent and lacking a clear directional bias.

Adani Green, Vedanta, RBL Bank: Trading strategies for these buzzing stocks

Swedish private equity firm EQT AB sold its entire 7.89% stake in RBL Bank, amounting to 4.78 crore shares, in a bulk deal worth ₹1,091.15 crore on the BSE. The shares, sold through its entity Maple II B V at ₹228.08 per share, were acquired by Morgan Stanleys Asia Singapore PTE and Societe General for ₹285.12 crore and ₹161.74 crore, respectively. RBL Bank shares closed 2.95% down at ₹230.4 on Thursday.

Swedish PE firm EQT sells entire holding in RBL Bank for Rs 1,091 crore via bulk deal

IT services company Tech Mahindra on Thursday reported 23% year-on-year growth in its consolidated net profit at Rs 851 crore in the June quarter.

Stocks in news: IndiGo, IndusInd Bank, DLF, Tech Mahindra, Mankind Pharma, RBL Bank

The share sale fetched the Hong Kong-based Baring Private Equity Asia Rs 1,091 crore.

RBL Bank: Morgan Stanley, Societe Generale Buy Shares After Baring PE Asia Exits

EQT Private Capital Asia, formerly known as Baring Private Equity Asia, on Thursday exited RBL Bank by selling its entire 7.89 per cent stake in the private sector lender for Rs 1,091 crore through an open market transaction.

EQT Private Cap Asia exits RBL Bank, sells entire stake for Rs 1,091 cr

Morgan Stanley Asia Singapore Pte and Societe Generale purchased 1.25 crore and 71 lakh shares of RBL Bank respectively, worth Rs 447 crore in total via a block deal. The shares were sold by MAPLE II BV at Rs 228 per share, reducing its stake by 7.89% in RBL Bank.

Morgan Stanley, Societe Generale buy shares worth Rs 447 crore in RBL Bank via block deals

RBL Bank stock slipped 3.95% to Rs 228 against the previous close of Rs 237.40 on BSE. Market cap of the bank fell to Rs 13,859 crore.

Block deal effect: RBL Bank clocks highest turnover, shares fall 4%

Companies including Adani Green, ITC, Axis Bank, Larsen & Toubro, RBL Bank, Sun Pharma, Dr Reddy’s, RVNL, IEX and more may remain under the spot before the opening bell on Thursday, July 25.

Stocks in news: Adani Green, ITC, Axis Bank, L&T, RBL Bank, DRL, Sun Pharma, RVNL and IEX

RBL Bank Ltd recorded volume of 513.6 lakh shares by 10:46 IST on BSE, a 309.49 times surge over two-week average daily volume of 1.66 lakh shares

Volumes soar at RBL Bank Ltd counter

Hasn't fared well - amongst the low performers

Performance

Undervalued compared to the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

RBL Bank Limited is a banking company offering services and products to individuals and small businesses across urban and rural India.

RBL Bank Ltd