RBL Bank
RBL Bank
Banks F&OKey Fundamentals
MidcapPrivate BankBanksTapetide Score
Data-driven rating, 0–100. How it works →
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 5.90% over last 3 years.
- Contingent liabilities of Rs.1,45,506 Cr.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.4,011 Cr.
- Dividend payout has been low at 8.01% of profits over last 3 years
- Working capital days have increased from 178 days to 280 days
Growth Rate
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 2d agoRBL Bank trades at a market cap of Rs.63,259 Cr with a P/E of 70.6x and P/B of 1.49x. The bank's ROE has averaged just 5-6% over recent years, though TTM profit growth of 67% and a 52% one-year stock CAGR suggest a turnaround narrative is being priced in. Significant contingent liabilities of Rs.1,45,506 Cr and deteriorating working capital days remain areas of concern.
- TTM profit growth of 67% signals a sharp earnings recovery after years of subdued performance
- Stock has delivered a 1-year CAGR of 52%, reflecting strong market re-rating and momentum
- Promoter holding increased by 60% over the last quarter, indicating significant insider confidence
- 10-year compounded sales growth of 18% demonstrates a long-term track record of revenue expansion
- P/B ratio of 1.49x is relatively modest for a mid-sized private bank in a re-rating phase
- 3-year stock CAGR of 24% shows sustained medium-term wealth creation despite operational challenges
- 5-year compounded profit growth of 10% suggests underlying earnings trajectory remains positive through cycles
- P/E of 70.6x is extremely elevated for a bank with only 5-6% ROE, leaving little margin of safety
- 3-year ROE of just 5.9% is well below the 12-15% typically expected from quality private banks
- Contingent liabilities of Rs.1,45,506 Cr are roughly 2.3x the bank's market cap, posing a material risk
- Working capital days have ballooned from 178 to 280 days, indicating deteriorating asset-liability efficiency
- 5-year sales growth of only 11.5% is below peers in the private banking space
- Low interest coverage ratio raises questions about the bank's ability to service debt comfortably
- Dividend payout of just 8.01% of profits over 3 years with a yield of 0.24% offers negligible income return
- 3-year compounded profit growth is negative at -2%, indicating the recent 67% TTM jump may not yet represent a durable trend
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 3h ago- ₹103.77 Cr GST demand notice Aug 28
Maharashtra GST authorities issued a show cause notice for ₹103.77 crore related to input tax credit availed in FY21. The bank expects no material impact.
- NIM compression from FCNR deposits Sep 3
Thin FCNR margins could pressure NIMs by 40-45 bps over the next two quarters, per Citi, though the ₹26,000 crore equity infusion partially offsets this.
- Capital adequacy surges to 33.3% Sep 3
Post Emirates NBD infusion, capital adequacy surged to 33.3%. Q1FY27 net profit rose to $34m with NII at $175m.
- Citi Buy rating, ₹440 target Sep 3
Citi maintains Buy with a ₹440 target price. ₹32,472 crore FCNR(B) deposits mobilised via Emirates NBD are expected to lift FY27 NII by ~7% and PPOP by ~10%.
- ₹10,000 Cr debt raise approved Sep 2
Shareholders approved a ₹10,000 crore debt issuance and ₹1 per share dividend at the 83rd AGM, along with appointment of Emirates NBD board nominees.
- Euro Medium Term Note Programme Sep 2
Board meeting scheduled for September 7, 2026 to approve an EMTN programme for raising funds via foreign currency bonds.
- Global investor roadshow campaign Aug 24
RBL Bank scheduled multiple physical investor and debt investor meetings across London (Aug 27), UAE (Aug 24-25), Singapore (Aug 31), Hong Kong (Sep 1), and Mumbai through August-September 2026.
- Analyst meet with Prabhudas Lilladher Aug 19
One-on-one physical analyst meet held in Mumbai on August 19, 2026. No unpublished price sensitive information was shared.
- Investor meet with C WorldWide Sep 11
One-on-one physical investor meet held in Mumbai on September 11, 2026 with C WorldWide Asset Management. No UPSI shared.
TL;DR: RBL Bank is in a strong capital position at 33.3% adequacy post the Emirates NBD infusion, and is actively raising both equity and debt capital while engaging investors globally. The FCNR deposit mobilisation of ₹32,472 crore is a meaningful growth lever, though near-term NIM compression of 40-45 bps is a watch item. The aggressive investor outreach across London, UAE, Singapore, and Hong Kong signals confidence in the bank's trajectory. Overall trend is improving, with the Emirates NBD partnership reshaping the bank's funding and capital profile.
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,856 | 3,008 | 3,191 | 3,339 | 3,496 | 3,531 | 3,536 | 3,476 | 3,441 | 3,507 | 3,667 | 3,720 | 3,840 |
| Expenses | 1,726 | 2,089 | 2,016 | 2,002 | 2,013 | 2,251 | 2,851 | 2,487 | 2,290 | 2,255 | 2,434 | 2,463 | 2,290 |
| Financing Profit | -304 | -614 | -470 | -402 | -313 | -636 | -1,266 | -924 | -809 | -704 | -777 | -792 | -636 |
| Fin. Margin % | -11% | -20% | -15% | -12% | -9% | -18% | -36% | -27% | -24% | -20% | -21% | -21% | -17% |
| Other Income | 685 | 704 | 778 | 875 | 805 | 927 | 1,073 | 1,000 | 1,069 | 933 | 1,050 | 1,069 | 959 |
| Interest | 1,434 | 1,533 | 1,646 | 1,739 | 1,796 | 1,916 | 1,951 | 1,913 | 1,960 | 1,957 | 2,010 | 2,049 | 2,186 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PBT | 381 | 91 | 307 | 473 | 493 | 292 | -192 | 76 | 261 | 229 | 273 | 277 | 324 |
| Tax % | 24% | -224% | 24% | 25% | 25% | 24% | -117% | 10% | 23% | 22% | 22% | 17% | 22% |
| Net Profit | 288 | 294 | 233 | 353 | 372 | 223 | 33 | 69 | 200 | 179 | 214 | 230 | 254 |
| EPS in Rs | 4.8 | 4.89 | 3.87 | 5.83 | 6.13 | 3.66 | 0.54 | 1.13 | 3.29 | 2.91 | 3.47 | 3.72 | 1.64 |
| Gross NPA % | 3.22% | 3.12% | 3.12% | 2.65% | 2.69% | 2.88% | 2.92% | 2.6% | 2.78% | 2.32% | 1.88% | 1.45% | 1.3% |
| Net NPA % | 1% | 0.78% | 0.8% | 0.74% | 0.74% | 0.79% | 0.53% | 0.29% | 0.45% | 0.57% | 0.55% | 0.39% | 0.37% |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 14,735 |
| Expenses | 627 | 833 | 1,234 | 1,781 | 2,561 | 4,649 | 4,824 | 6,318 | 6,111 | 7,619 | 9,382 | 9,208 | 9,442 |
| Financing Profit | -70 | -14 | -12 | -15 | -21 | -1,019 | -1,037 | -2,292 | -1,113 | -1,576 | -2,919 | -2,848 | -2,909 |
| Fin. Margin % | -4% | -1% | 0% | 0% | 0% | -12% | -12% | -28% | -12% | -13% | -21% | -20% | -20% |
| Other Income | 403 | 491 | 755 | 1,068 | 1,442 | 1,910 | 1,884 | 2,341 | 2,489 | 3,043 | 3,806 | 4,121 | 4,011 |
| 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 | 8,201 |
| Depreciation | 33 | 48 | 62 | 87 | 122 | 138 | 158 | 164 | 196 | 215 | 219 | 234 | 0 |
| PBT | 300 | 428 | 681 | 967 | 1,299 | 753 | 689 | -115 | 1,180 | 1,252 | 668 | 1,040 | 1,102 |
| 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 | 876 |
| 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 | 11.74 |
| Div. Payout % | 17% | 17% | 15% | 14% | 13% | 15% | 0% | 0% | 10% | 8% | 9% | 8% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 | 15,987 |
| 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 | 8,268 |
| 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 | 545 |
| CWIP | 10 | 19 | 35 | 31 | 40 | 62 | 24 | 82 | 45 | 7 | 7 | 21 |
| 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 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -2,261 | -4,384 | 3,434 | -2,528 | -31 | -5,084 | 7,597 | 6,449 | -11,044 | 4,935 | -846 | 7,577 |
| Investing | -58 | -60 | -142 | -162 | -190 | -206 | -157 | -246 | -223 | -172 | -258 | -189 |
| 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 | 10,547 |
| Free Cash Flow | -2,319 | -4,445 | 3,291 | -2,690 | -221 | -5,290 | 7,440 | 6,203 | -11,267 | 4,763 | -1,109 | 7,354 |
| CFO/OP | -163 | -222 | 147 | -79 | 15 | -123 | 226 | 356 | -303 | 107 | -14 | 151 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE % | 10% | 11% | 12% | 12% | 12% | 6% | 4% | -1% | 7% | 8% | 5% | 5% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view RBL Bank insights
71 extracted metrics + investor summaries across FY04–FY27.
Documents
Frequently Asked Questions about RBL Bank
What does RBL Bank Ltd do?
Where is RBL Bank Ltd (RBLBANK) listed?
Which sector does RBL Bank Ltd belong to?
What is the market capitalisation of RBL Bank Ltd?
What is the PE ratio of RBL Bank Ltd?
What is the 52-week high and low of RBL Bank Ltd?
Does RBL Bank Ltd pay dividends?
What is the Return on Equity (ROE) of RBL Bank Ltd?
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]
For AI agents and developers
Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/RBLBANK.md for RBL Bank Ltd: company profile, latest price, key fundamentals, the Tapetide Score, growth rates, quarterly and annual financial statements, shareholding pattern, technical indicators, analyst ratings and exchange filings.
Append .md to any Tapetide URL for the
same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For live,
structured queries instead of documents, use our MCP server.