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BOM:540065

5 stories mentioning BOM:540065Updated 9d ago

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Asia

Moody's Assigns First-Time Baa2 Long-Term Ratings to RBL Bank; Outlook Stable

Moody's Ratings assigned first-time Baa2 long-term issuer and deposit ratings and P-2 short-term issuer and deposit ratings to RBL Bank (NSE:RBLBANK, BOM:540065), according to a Thursday filing on Indian bourses.The rating agency also assigned a ba1 baseline credit assessment and baa2 adjusted baseline credit assessment to the bank.The rating outlook is stable.Moody's said the ratings reflect its expectation that RBL Bank's credit profile will remain broadly stable over the next 12 to 18 months and include a two-notch uplift based on its assumption of a very high likelihood of support from the bank's largest shareholder, Emirates NBD Bank, if required.

BOM:540065NSE:RBLBANK
Research

Centrum Broking Upgrades RBL Bank to Buy From Neutral; Price Target is INR459

RBL Bank (BOM:540065, NSE:RBLBANK) has an average rating of overweight and mean price target of 366.57 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

BOM:540065NSE:RBLBANK
Research

Asian Markets Starts RBL Bank at Buy with INR452 Price Target

RBL Bank (BOM:540065, NSE:RBLBANK) has an average rating of overweight and mean price target of 353.27 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

BOM:540065NSE:RBLBANK
Asia

RBL Bank Issue Shares Worth INR260.2 Billion to Emirates NBD

RBL Bank (NSE:RBLBANK, BOM:540065) has allotted equity shares worth 260.2 billion Indian rupees to Emirates NBD Bank PJSC through a preferential issue on a private placement basis.The company issued 929.1 million shares at 280 rupees apiece, according to a stock exchange filing on Thursday.Following the allotment, Emirates NBD Bank holds a 60% stake in in RBL Bank.

BOM:540065NSE:RBLBANK
Asia

RBL Bank's Consolidated Profit Surges in Fiscal Q4

RBL Bank's (NSE:RBLBANK, BOM:540065) consolidated profit after tax jumped to 2.44 billion Indian rupees in the fiscal fourth quarter ended March 31, from 869.9 million rupees a year ago.Earnings per share climbed to 3.90 rupees from 1.43 rupees a year earlier, according to a Saturday filing to the Indian stock exchanges. The EPS was lower than the 4.39 rupees estimated by analysts polled by Visible Alpha.Interest earned by the lender in fiscal Q4 increased to 37.2 billion rupees from 34.8 billion rupees a year ago.The bank's board proposed a dividend of 1 rupee per share of face value of 10 rupees each.

BOM:540065NSE:RBLBANK

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