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RBL Bank

RBLBANK NSE
₹364.75 +14.55 (+4.15%)
P/E
31.07
View as Markdown
MCP
Close 4 Nov 2026 ₹364.75 +39.15 +12.0% 1Y
Start ₹325.60

Key Fundamentals

MidcapBanksFinancial Services

Price-based figures as of · EPS basis: Standalone · TTM

EPS (TTM)
₹11.74
Book Value
₹278.63
Market Cap
—
P/E (TTM)
31.07
P/B
1.31
ROE
5.11%
Dividend Yield
0.29%
52W High
₹429.60
52W Low
₹287.20
Day Range
₹348.20 – ₹365.60
Volume
53,90,669
ROCE
Not meaningful for a lender: the ratio describes an industrial company’s balance sheet
Debt to Equity
Not meaningful for a lender: the ratio describes an industrial company’s balance sheet
EBITDA
Not meaningful for a lender: the ratio describes an industrial company’s balance sheet

Peer Comparison

Financial Services › Banks › Private Bank › Private Sector Bank

RBL Bank peer comparison
HDFC Bank
₹736.7014.16₹11,37,598 Cr1.882.48%13.60%—₹3,59,956 Cr₹83,685 Cr
ICICI Bank
₹1,424.1017.28₹10,25,874 Cr2.670.84%15.90%—₹2,06,190 Cr₹62,827 Cr
Kotak Bank
₹459.4021.29₹4,58,686 Cr2.350.14%11.40%—₹73,545 Cr₹21,472 Cr
Axis Bank
₹1,232.0012.79₹3,83,779 Cr1.670.08%13.10%—₹1,41,510 Cr₹30,038 Cr
IDBI Bank
₹79.2910.26₹83,815 Cr1.322.70%14.10%—₹30,953 Cr₹8,329 Cr
Federal Bank
₹335.2015.94₹81,875 Cr2.010.36%11.60%—₹31,552 Cr₹5,387 Cr
Indusind Bank
₹865.1550.98₹66,694 Cr1.000.18%1.36%—₹45,297 Cr₹1,322 Cr
RBL Bank (this company)
₹364.7531.07₹54,967 Cr1.310.29%5.11%—₹14,735 Cr₹877 Cr
Median 8 companies₹598.0516.61₹2,33,797 Cr1.780.32%12.35%—₹59,421 Cr₹14,901 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

41 Weak

Data confidence 100/100

Category scores

Quality
28
Poor
Returns, margins, earnings quality 22% weight
Valuation
32
Poor
Cheap vs sector & own history 24% weight
Growth
45
Weak
Sales & profit trajectory 9% weight
Financial Health
11
Poor
Solvency, leverage, coverage 9% weight
Momentum
55
Average
Trend strength, vol-adjusted 12% weight
Ownership
62
Good
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

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

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish955
OscillatorsBearish351
Moving AveragesStrong Bearish604

Key readings

RSI (14)
45.01
Neutral
MACD (12,26,9)
−12.58
Bearish
SMA (50)
391.47
Bearish
SMA (200)
350.39
Bullish

As of

Analyst Rating

Based on 21 analysts
BUY43%

9 of 21 analysts rate Buy, 4 Hold, 8 Sell.

As of

BUY
9
43%
HOLD
4
19%
SELL
8
38%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+17.98%
5Y+11.47%
3Y+14.00%
1Y+2.12%
TTM+5.36%

Net profit

Net profit growth by window
10Y+10.90%
5Y+10.10%
3Y−2.36%
1Y+18.27%
TTM+67.05%

Operating cash flow

Not meaningful

A bank's or NBFC's operating cash flow moves with deposits and loans, so its growth says little about the business.

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹3,713 Cr
Mar 2018₹4,508 Cr
Mar 2019₹6,301 Cr
Mar 2020₹8,514 Cr
Mar 2021₹8,329 Cr
Mar 2022₹8,176 Cr
Mar 2023₹9,677 Cr
Mar 2024₹12,394 Cr
Mar 2025₹14,039 Cr
Mar 2026₹14,336 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹446 Cr
Mar 2018₹635 Cr
Mar 2019₹867 Cr
Mar 2020₹506 Cr
Mar 2021₹508 Cr
Mar 2022−₹75.00 Cr
Mar 2023₹883 Cr
Mar 2024₹1,168 Cr
Mar 2025₹695 Cr
Mar 2026₹822 Cr

Analyst Forecasts

Forecast For
FY27 consensus · EPS
₹15.84 +10.4% vs FY26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 28 Oct 2026
AI opinion · based on fundamentals
Risk high

RBL Bank Ltd trades at ₹349.95 as of 2026-10-28 with a market cap of ₹54,300 Cr, a P/E of 29.81x and P/B of 1.26x. The bank's ROE stands at 5.26% and ROCE at 5.02%, both below industry averages for mid-sized private banks, while TTM profit growth of 67% signals a recent earnings recovery from a low base.

Bull Case 8
  • Strong recent profit recovery: TTM compounded profit growth stands at 67%, indicating a sharp earnings rebound
  • Stock price momentum: 1-year stock CAGR of 51% and 3-year CAGR of 19% reflect sustained re-rating by the market
  • Promoter confidence: Promoter holding increased by 60.0% over the last quarter, signalling insider conviction in the business outlook
  • Reasonable valuation on book: P/B ratio of 1.26x is modest for a private sector bank, suggesting limited premium to net asset value
  • Long-term revenue compounding: 10-year compounded sales CAGR of 18% demonstrates the bank's ability to scale its loan book and fee income over a full cycle
  • Long-term profit compounding: 10-year compounded profit CAGR of 11% shows the bank has generated positive earnings growth through multiple credit cycles
  • Trading well below 52-week high: At ₹349.95, the stock is approximately 18.5% below its 52-week high of ₹429.60, offering a cushion relative to recent peak valuations
  • Recovery from lows: The stock has risen roughly 21.8% from its 52-week low of ₹287.20, indicating improving market sentiment
Bear Case 8
  • Low return on equity: ROE of 5.26% (and 3-year average of ~6%) is significantly below the 12-15% range typical of well-run private banks, indicating weak capital efficiency
  • Massive contingent liabilities: Contingent liabilities of ₹1,45,506 Cr dwarf the bank's market cap of ₹54,300 Cr by nearly 2.7x, posing a material risk if even a fraction crystallises
  • Deteriorating working capital: Working capital days have expanded from 178 days to 280 days, a 57% increase that suggests worsening asset-liability management
  • Weak sales growth: 5-year compounded sales growth of just 11% (TTM slowing to 5%) points to decelerating topline momentum
  • Low interest coverage ratio: A low interest coverage ratio indicates limited headroom to service debt obligations under stress scenarios
  • Heavy reliance on other income: Earnings include other income of ₹4,011 Cr, raising questions about the sustainability and quality of reported profits
  • Possible interest capitalisation: The company may be capitalising interest costs, which would flatter reported earnings and understate true operating expenses
  • Minimal dividend payout: Dividend payout of just 8.01% of profits over the last 3 years (current yield 0.29%) offers negligible income return to shareholders

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

AI News Digest

9h ago

TL;DR: RBL Bank delivered a strong Q2FY27 with 169% profit growth and a dramatic improvement in asset quality, bringing GNPA down to 1.02%. The approved Emirates NBD branch merger adds scale, while exploration of broking and AMC businesses signals diversification ambitions. No material headwinds surfaced in recent news. The trend is clearly improving, and execution on the merger integration and any new business lines will be the key monitorables ahead.

Positives 3
  • Q2 profit surges 169% YoY Oct 16

    Net profit jumped 169% YoY to ₹482 crore in Q2FY27, while Net Interest Income grew 37% YoY to ₹2,131 crore.

  • GNPA ratio sharply improves Oct 16

    Gross NPA ratio improved to 1.02% from 2.32% in Q2FY26, signaling meaningful asset quality cleanup.

  • Emirates NBD merger approved Oct 16

    RBI approved amalgamation of Emirates NBD's Indian branches with RBL Bank under the Banking Regulation Act, effective December 1, 2026.

Neutral 2
  • Evaluating broking, AMC entry Oct 22

    RBL Bank is evaluating entry into broking and asset management to expand capital market activities. No final decision has been announced.

  • Investor meet with HDFC Life Oct 15

    RBL Bank held a telephonic one-on-one investor meeting with HDFC Life Insurance on October 14, 2026. No unpublished price sensitive information was shared.

Quarterly Results

₹ Cr
RBLBANK quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 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 (₹)
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

₹ Cr
RBLBANK profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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 (₹)
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

₹ Cr
RBLBANK balance sheet, annual, ₹ crore
Particulars 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
15,987
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

₹ Cr
RBLBANK cash flow, annual, ₹ crore
Particulars 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
−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

RBLBANK financial ratios, annual
Particulars 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%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view RBL Bank insights

89 extracted metrics across FY04–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 59.88%
  • DIIs 18.52%
  • Public 8.74%
  • FIIs 8.70%
  • Others 4.16%
  • Government 0.01%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about RBL Bank

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.
Where is RBL Bank Ltd (RBLBANK) listed?
RBL Bank Ltd trades as RBLBANK on the NSE and under code 540065 on the BSE.
Which sector does RBL Bank Ltd belong to?
RBL Bank Ltd is classified under the Banks sector, in the Private Bank industry.
What is the PE ratio of RBL Bank Ltd?
RBL Bank Ltd trades at a PE ratio of 31.07 as of 4 Nov 2026, on earnings per share of ₹11.74, against a book value of ₹278.63 per share.
What is the 52-week high and low of RBL Bank Ltd?
Over the last 52 weeks RBL Bank Ltd has traded between ₹287.2 and ₹429.6 as of 4 Nov 2026.
Does RBL Bank Ltd pay dividends?
RBL Bank Ltd has a dividend yield of 0.29%.
What is the Return on Equity (ROE) of RBL Bank Ltd?
RBL Bank Ltd reported a return on equity of 5.11%.

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.

Website rblbank.com
CEO Mr. R. Subramaniakumar
Employees 26,595
Listed 31 Aug 2016
Face Value ₹10

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