2 stories mentioning BOM:540065Updated 17m ago
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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.
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.
