RBL Bank, a private lender headquartered in Mumbai, offers services across major verticals including commercial banking, corporate and institutional banking and operations related to financial market and retail assets. The bank was founded in 1943, and was formerly known as Ratnakar Bank. Initially started as a regional lender with branches only in Maharashtra's Sangli and Kolhapur, RBL Bank is now operational across 28 states and union territories. As of December 2019, the bank had a network of 392 ATMs and 372 branches across the country. In 2010, RBL Bank appointed veteran banker Vishwavir Ahuja as its long-term managing director and chief executive officer. Ahuja's term was most recently renewed in June 2021, but in December 2021 it was announced that he would proceed on leave with immediate effect. The bank subsequently named its incumbent executive director Rajeev Ahuja as the interim MD More
If derivative contracts in securities cross 95 percent of the market-wide position limit, they end up on the ban list, the NSE said.
Baring Asia, CDC and Gaja Capital are likely to back new MD and CEO R Subramaniakumar, but want to nominate one or more seasoned bankers to the board to strengthen the private lender and protect their investments
"I held the stone close to my eyes, it blocked my vision. I held the same stone one feet away from my eye and look I can now continue to see both the stone and the world," Subramaniakumar said referring to the markets' reaction to his appointment as RBL Bank top boss.
Indiabulls Housing Finance, which fell 15 percent in last four consecutive sessions, saw short build-up on Tuesday and was at the fourth position in short build-up list.
The private lender had to calm nerves a day after RBL Bank shares tanked 23 percent after R Subramaniakumar, who oversaw the insolvency process of DHFL, was named the CEO
RBL Bank on June 11 announced the appointment of R Subramaniakumar for three years following the exit of long-time CEO and Managing Director Vishwavi Ahuja nearly six months ago.
Owing to COVID-19 and internal developments at the bank, the lender saw a muted 2 percent year-on-year (YoY) growth in advances during January-March with its total loans standing at Rs 60,022 crore as of March end.
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Subramaniakumar, a former MD & CEO of Indian Overseas Bank, has been appointed at the helm of RBL Bank for a period of three years.
The appointment has been made for a period of three years, the bank said.
We believe history will repeat itself, wherein Exide Industries will rebound utilising prior consolidation and will move towards its 100-day SMA. This could lead the stock towards Rs 157 initially and Rs 163 subsequently.
Occurrence of a ‘Bullish Hammer’ on weekly scale near the confluence zone of a multi support area of its 200 week EMA reconfirm the strength of its ongoing channel support zone in Zensar Technologies. Trend strength indicator RSI too exhibits a positive crossover along with a likely trend break
Any sustainable upmove above Rs 400-410 levels will cause an upward breakout in Indraprastha Gas. Rising volumes at lower levels signifies increased participation near the support zone. The daily and weekly strength indicator RSI continues to remain bullish which signals rising strength at lower levels.
Motilal Oswal is bullish on RBL Bank recommended buy rating on the stock with a target price of Rs 160 in its research report dated May 12, 2022.
Swami replaces Suveer Kumar Gupta who co-founded the bank and led its transition from an urban co-operative bank to a small finance one. Gupta will now act as an advisor to the Board of Directors, sources said.
If the derivative contracts in securities crossed 95 percent of the market-wide position limit, then they are on the ban list, the NSE said.
Net Interest Income (NII) is expected to increase by 15.4 percent Y-o-Y (up 3.5 percent Q-o-Q) to Rs. 1,045.6 crore, according to Motilal Oswal
During the ban, traders are not allowed to take fresh positions in stocks under the F&O ban, but they can start reducing their positions. The F&O ban rule helps reduce speculation in a stock.
The holiday-shortened week is likely to be action-packed with the beginning of earnings season, inflation and industrial output data, and Ukraine-Russia crisis expected to keep markets volatile. Stock-specific opportunities may arise from the earnings season.
Invesco Oppenheimer Developing Markets Fund has sold all its 7,43,18,476 equity shares (or 7.74 percent of total paid up equity) in Zee Entertainment, as per the bulk deals data.
Stanza Living, which provides rental accommodation to students and working professionals, was co-founded by Sandeep Dalmia and Anindya Dutta in 2017.
Ahuja was appointed as the interim MD & CEO of the bank on December 25 after the abrupt exit of former chief of the bank Vishwavir Ahuja.
RBL Bank | The bank reportedly will continue to invest in branches and capacity-building, leading to elevated cost ratios and driving FY23-FY24 earnings estimate cuts, CLSA said.