RBL Bank Ltd logo

RBL Bank Ltd

RBLBANK NSE

Incorporated in 1943,RBL Bank is a banking company engaged in providing specialized services under five business verticals namely: Corporate Banking, Commercial Banking, Branch & Business Banking, Retail Assets and Treasury & Financial Markets Operations.[1][2]

AI Verdict: HOLD Confidence: 4%

RBL Bank trades at a P/E of 26x with a weak 3-year ROE of just 6%, suggesting the stock is priced for a turnaround that hasn't fully materialized. The 66% stock price rally in the last year and 60% increase in promoter holding signal renewed confidence, but low interest coverage, massive contingent liabilities of Rs.1,12,211 Cr, and poor sales growth of 11.5% over 5 years warrant caution.

Key Fundamentals

MidcapPrivate BankBanks
Market Cap
₹23,482 Cr
Volatility
Moderate
P/E Ratio
27.71
EBITDA
₹0.00 Cr
Return on Equity
8.49%
Debt to Equity
0
Book Value
₹274.87
EPS
₹21.3
52W High
₹381.7
52W Low
₹232.08

Technical Indicators

Key Insights

Strengths

1
  • Promoter holding has increased by 60.0% over last quarter.

Weaknesses

8
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 11.5% over past five years.
  • Company has a low return on equity of 5.91% over last 3 years.
  • Contingent liabilities of Rs.1,12,211 Cr.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.4,121 Cr.
  • Dividend payout has been low at 8.01% of profits over last 3 years
  • Working capital days have increased from 187 days to 294 days

Growth Rate

Revenue Growth
-19.54% ↘
Net Income Growth
22.58% ↗
Cash Flow Change
144.92% ↗
ROE
-46.05% ↘
ROCE
1.44% ↘
EBITDA Margin (Avg.)
-43.80% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 3d ago
HOLD
Risk high

RBL Bank trades at a P/E of 26x with a weak 3-year ROE of just 6%, suggesting the stock is priced for a turnaround that hasn't fully materialized. The 66% stock price rally in the last year and 60% increase in promoter holding signal renewed confidence, but low interest coverage, massive contingent liabilities of Rs.1,12,211 Cr, and poor sales growth of 11.5% over 5 years warrant caution.

Bull Case 7
  • Stock CAGR of 66% over the last 1 year indicates strong price momentum and renewed market confidence
  • Promoter holding increased by 60% over the last quarter, signaling insider confidence in the bank's turnaround
  • 3-year compounded sales growth of 14% shows improving revenue trajectory compared to 5-year average of 11%
  • TTM profit growth of 18% indicates earnings recovery is underway after a difficult period
  • P/B ratio of 1.38x is reasonable for a mid-sized private bank and leaves room for re-rating if ROE improves
  • 50% of analysts (9 out of 18) have a Buy rating, reflecting cautious optimism among the sell-side
  • 10-year compounded sales growth of 18% demonstrates the bank's long-term franchise building capability
Bear Case 8
  • Contingent liabilities of Rs.1,12,211 Cr are extremely large relative to market cap of Rs.22,759 Cr, posing significant tail risk
  • 3-year ROE of just 6% and last year ROE of 5% are well below the 12-15% expected from quality private banks
  • Low interest coverage ratio raises concerns about the bank's ability to service obligations under stress
  • Working capital days increased sharply from 187 days to 294 days, indicating deteriorating operational efficiency
  • 5-year compounded sales growth of only 11% is poor for a mid-sized private sector bank in a growing economy
  • 3-year compounded profit growth of -2% shows earnings stagnation over the medium term despite recent recovery
  • Dividend payout of only 8.01% of profits over 3 years suggests limited shareholder returns and possible capital adequacy concerns
  • 22.22% of analysts (4 out of 18) have a Sell rating, which is unusually high for a private bank

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 14h ago
Positives 3
  • Emirates NBD 26% stake acquisition Jun 2

    Emirates NBD launched an open offer to acquire up to 415.6 million equity shares (26% of expanded voting capital) at ₹280 per share, signaling strong strategic interest from a major Gulf bank.

  • Experienced CFO from HDFC Bank Jun 14

    Bhavin Lakhpatwala, a CA with 25+ years experience and former HDFC Bank executive, appointed as CFO effective June 12, 2026, strengthening the leadership team.

  • Independent Director appointment Jun 5

    Suryanarayan Subramanian appointed as Additional Non-Executive Independent Director for four years effective June 5, 2026, bolstering board governance.

Neutral 1
  • Active investor engagement continues Jun 16

    RBL Bank held multiple investor meetings in May-June 2026 with Pinpoint Asset, Citadel, Balyasny, IIFL Capital, and Edelweiss Asset Management. No unpublished price sensitive information was shared.

TL;DR: RBL Bank is seeing strong strategic interest with Emirates NBD's open offer for a 26% stake at ₹280/share, which validates the bank's franchise value. Leadership is being strengthened with a seasoned CFO hire and new independent director. Active engagement with global and domestic institutional investors suggests growing market interest. The trend is improving with no visible headwinds in recent news, though execution under new leadership and regulatory approval for the Emirates NBD deal remain key monitorables.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue
2,642
2,856
3,008
3,191
3,339
3,496
3,531
3,536
3,476
3,441
3,507
3,667
3,720
Expenses
1,672
1,726
2,089
2,016
2,002
2,013
2,251
2,851
2,487
2,290
2,255
2,434
2,463
Financing Profit
-315
-304
-614
-470
-402
-313
-636
-1,266
-924
-809
-704
-777
-792
Fin. Margin %
-12%
-11%
-20%
-15%
-12%
-9%
-18%
-36%
-27%
-24%
-20%
-21%
-21%
Other Income
674
685
704
778
875
805
927
1,073
1,000
1,069
933
1,050
1,069
Interest
1,285
1,434
1,533
1,646
1,739
1,796
1,916
1,951
1,913
1,960
1,957
2,010
2,049
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
0
PBT
359
381
91
307
473
493
292
-192
76
261
229
273
277
Tax %
25%
24%
-224%
24%
25%
25%
24%
-117%
10%
23%
22%
22%
17%
Net Profit
271
288
294
233
353
372
223
33
69
200
179
214
230
EPS in Rs
4.52
4.8
4.89
3.87
5.83
6.13
3.66
0.54
1.13
3.29
2.91
3.47
3.72
Gross NPA %
3.37%
3.22%
3.12%
3.12%
2.65%
2.69%
2.88%
2.92%
2.6%
2.78%
2.32%
1.88%
1.45%
Net NPA %
1.1%
1%
0.78%
0.8%
0.74%
0.74%
0.79%
0.53%
0.29%
0.45%
0.57%
0.55%
0.39%
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue
1,953
2,744
3,713
4,508
6,301
8,514
8,329
8,176
9,677
12,394
14,039
14,336
Expenses
627
833
1,234
1,781
2,561
4,649
4,824
6,318
6,111
7,619
9,382
9,441
Financing Profit
-70
-14
-12
-15
-21
-1,019
-1,037
-2,292
-1,113
-1,576
-2,919
-3,082
Fin. Margin %
-4%
-1%
0%
0%
0%
-12%
-12%
-28%
-12%
-13%
-21%
-22%
Other Income
403
491
755
1,068
1,442
1,910
1,884
2,341
2,489
3,043
3,806
4,121
Interest
1,397
1,925
2,492
2,741
3,761
4,885
4,541
4,149
4,678
6,351
7,576
7,976
Depreciation
33
48
62
87
122
138
158
164
196
215
219
0
PBT
300
428
681
967
1,299
753
689
-115
1,180
1,252
668
1,040
Tax %
31%
32%
35%
34%
33%
33%
26%
-35%
25%
7%
-4%
21%
Net Profit
207
292
446
635
867
506
508
-75
883
1,168
695
822
EPS in Rs
7.06
9.01
11.89
15.13
20.32
9.94
8.49
-1.25
14.72
19.3
11.44
13.31
Div. Payout %
17%
17%
15%
14%
13%
15%
0%
0%
10%
8%
9%
8%
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
293
325
375
420
427
509
598
600
600
605
608
618
Reserves
1,936
2,664
3,960
6,264
7,121
10,074
12,065
12,019
12,977
14,191
14,999
15,812
Borrowing
6,963
10,536
7,980
9,261
11,832
17,007
11,226
11,093
13,331
14,184
13,734
16,794
Deposits
17,099
24,349
34,588
43,902
58,394
57,812
73,121
79,007
84,887
1,03,494
1,10,944
1,39,018
Other Liabilities
812
1,287
1,771
2,003
2,585
3,576
3,641
3,491
4,082
5,958
6,441
8,443
Total Liabilities
27,104
39,161
48,675
61,851
80,359
88,978
1,00,651
1,06,209
1,15,876
1,38,432
1,46,725
1,80,685
Fixed Assets
153
158
224
303
363
408
442
467
529
525
570
566
CWIP
10
19
35
31
40
62
24
82
45
7
7
0
Investments
9,792
14,436
13,482
15,448
16,840
18,150
23,230
22,274
28,875
29,576
32,165
32,078
Other Assets
17,148
24,548
34,934
46,069
63,116
70,358
76,954
83,386
86,427
1,08,324
1,13,984
1,48,041
Total Assets
27,104
39,161
48,675
61,851
80,359
88,978
1,00,651
1,06,209
1,15,876
1,38,432
1,46,725
1,80,685
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-2,261
-4,384
3,434
-2,528
-31
-5,084
7,597
6,449
-11,044
4,935
-842
7,577
Investing
-58
-60
-142
-162
-190
-206
-157
-246
-223
-172
-263
-223
Financing
3,076
4,040
-1,656
2,995
2,567
7,698
-4,207
-114
2,239
842
-503
3,159
Net Cash Flow
757
-405
1,635
305
2,345
2,408
3,233
6,090
-9,028
5,605
-1,608
10,513
Free Cash Flow
-2,319
-4,445
3,291
-2,690
-221
-5,290
7,440
6,203
-11,267
4,763
-1,105
7,354
CFO/OP
-163
-222
147
-79
15
-123
226
356
-303
107
-14
158
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %
10%
11%
12%
12%
12%
6%
4%
-1%
7%
8%
5%
5%

Shareholding Pattern

As of Jun 2026
Promoters 60.00%
DIIs 17.83%
Public 9.25%
FIIs 7.88%
Others 5.04%
Government 0.01%
Total 100.01%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
60.00%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
25.14%
28.46%
14.63%
13.39%
14.43%
17.56%
15.48%
21.91%
20.23%
7.88%
DIIs
21.82%
19.98%
21.99%
19.43%
18.84%
11.44%
13.67%
20.22%
18.45%
16.38%
17.93%
18.26%
20.51%
20.67%
26.98%
18.03%
21.14%
34.72%
35.63%
40.04%
43.32%
17.83%
Government
0.36%
0.36%
0.36%
0.36%
0.36%
0.36%
0.00%
0.02%
0.06%
0.06%
0.05%
0.06%
0.06%
0.06%
0.06%
0.05%
0.05%
0.04%
0.03%
0.00%
0.02%
0.01%
Public
20.37%
23.16%
25.24%
26.17%
28.01%
36.34%
35.51%
29.41%
33.33%
31.71%
27.44%
27.69%
30.96%
28.62%
34.93%
41.93%
38.67%
28.75%
27.12%
24.50%
23.89%
9.25%
Others
57.44%
56.50%
52.41%
54.03%
52.79%
51.85%
50.82%
50.35%
48.17%
51.85%
54.58%
53.99%
23.33%
22.20%
23.39%
26.61%
25.71%
18.93%
21.73%
13.54%
12.54%
5.04%
No. of Shareholders
3,22,472
3,82,384
4,08,351
4,73,495
4,67,415
5,37,178
4,94,291
4,16,592
4,04,438
3,79,536
3,51,119
3,44,856
3,58,110
3,64,380
4,22,544
4,77,124
4,52,790
3,86,691
3,47,292
3,38,555
3,23,042
3,20,984

Documents

1
Concall - Oct 2021 Oct 2021
2
Concall - Jan 2022 Jan 2022
3
Concall - Jul 2022 Jul 2022
4
Concall - Aug 2023 Aug 2023
5
Concall - Apr 2026 Apr 2026

Frequently Asked Questions about RBL Bank Ltd

What does RBL Bank Ltd do?
Incorporated in 1943,RBL Bank is a banking company engaged in providing specialized services under five business verticals namely: Corporate Banking, Commercial Banking, Branch & Business Banking, Retail Assets and Treasury & Financial Markets Operations.[1][2]
Where is RBL Bank Ltd (RBLBANK) listed?
RBL Bank Ltd is listed on the Indian stock exchanges. It is listed on NSE: RBLBANK and BSE: 540065. You can view its live share price, financials, and ratios on Tapetide.
Which sector does RBL Bank Ltd belong to?
RBL Bank Ltd operates in the Financial Services sector within the Banks industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of RBL Bank Ltd?
RBL Bank Ltd has a market capitalisation of approximately ₹23482.05 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of RBL Bank Ltd?
The Price-to-Earnings (PE) ratio of RBL Bank Ltd is 27.71. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of RBL Bank Ltd?
Over the past 52 weeks, RBL Bank Ltd has traded between a low of ₹232.08 and a high of ₹381.7. This range helps investors understand the stock's price volatility and recent trading levels.
Does RBL Bank Ltd pay dividends?
Yes, RBL Bank Ltd has a dividend yield of 0.27%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of RBL Bank Ltd?
RBL Bank Ltd has a Return on Equity (ROE) of 8.49%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research RBL Bank Ltd on Tapetide?
On Tapetide, you can view RBL Bank Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Incorporated in 1943,RBL Bank is a banking company engaged in providing specialized services under five business verticals namely: Corporate Banking, Commercial Banking, Branch & Business Banking, Retail Assets and Treasury & Financial Markets Operations.[1][2]

Website rblbank.com
CEO Mr. R. Subramaniakumar
Employees 26,595
Listed 2016-08-31
Face Value ₹ 10
Issued Size 61,71,56,479

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