NSE: RBLBANK · BSE: 540065 · ISIN INE976G01028
RBL Bank Limited stock analysis
RBL Bank Limited ranks #4621 in the TickerSutra evidence-ranked universe with a score of 31/100 and 95% data confidence. The latest captured fundamentals show ROCE of 5.8%, quarterly sales growth of 11.6% and quarterly profit growth of 26.6%.Avoid / exit review
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- Debt/equity is above 0.5×
- CFO/EBITDA is below 0.6×
- Valuation is above 40× earnings
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹8,176cr | ₹-2,292cr | ₹-75cr | -28.0% |
| 2023 | ₹9,677cr | ₹-1,113cr | ₹883cr | -12.0% |
| 2024 | ₹12,394cr | ₹-1,576cr | ₹1,168cr | -13.0% |
| 2025 | ₹14,039cr | ₹-2,919cr | ₹695cr | -21.0% |
| 2026 | ₹14,336cr | ₹-2,848cr | ₹822cr | -20.0% |
| TTM | ₹14,735cr | ₹-2,909cr | ₹876cr | -20.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
RBL Bank Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
RoutineRBL Bank Ltd - 540065 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeBSE · 23 Sept 2026RBL Bank Limited informs the exchange about Analyst Meet.
RoutineRBL Bank Ltd - 540065 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeBSE · 22 Sept 2026RBL Bank Limited informs the exchange about Investor/Analyst Meets.
RoutineRBL Bank Ltd - 540065 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeBSE · 19 Sept 2026RBL Bank Limited informs the exchange about Investor/Analyst Meets.
RoutineRBL Bank Ltd - 540065 - Announcement under Regulation 30 (LODR)-Credit RatingBSE · 13 Sept 2026RBL Bank Limited informs the exchange about Credit Rating.
MANAGEMENT COMMENTARY
Signals from filed documents
Risk Mitigation Capital Adequacy Risk The Bank maintains a strong capital adequacy position. Its capital ratios consistently exceed prescribed regulatory requirements. This robust capital base strengthens financial resilience.
This improved operational efficiency while sustaining strong collection performance and credit outcomes. Other Support Functions: Product Approval and Process Management, Outsourcing Activities, Corporate Services During FY 2025-26, RBL Bank strengthened its product governance framework. It reinforced its strategic focus on quality-driven growth, emphasising high-quality customer acquisition and deeper multi-product
This reflected the Bank’s prudent underwriting approach. Loan Against Gold Ornaments (LAGO) The Bank also continued to diversify its secured lending portfolio through specialised products. The Loan Against Gold Ornaments (LAGO) business scaled rapidly, with monthly disbursements exceeding the run-rate of ¢ 225-250 Crore.
This change in deposit mix increased the overall cost of funds. However, lending yields remained relatively stable due to competitive pricing and a stronger preference for secured lending over higher-yield unsecured credit. REVIEW OF BUSINESS SEGMENTS AND OPERATIONS RBL Bank operates across multiple business verticals, which include: 1.
It specialises in loan syndication, structured term loans, ECBs, working capital finance, infrastructure funding, and greenfield and brownfield project financing. Leveraging strong relationships with public and private sector banks, NBFCs, Development Financial Institutions (DFIs), Infrastructure Debt Funds (IDFs), and institutional investors, the team ensures efficient distribution and seamless execution of complex
Wholesale Price Index (WPI) inflation rose to 9.68% in May 2026. This reflected higher input costs, particularly for crude petroleum, natural gas and other fuel-related products. The gap between wholesale and consumer inflation highlighted persistent cost-side pressures.
Save and except for Investor Nominee Directors and their relatives to the extent of their shareholding interest, if any, in the Bank, none of the other Directors or the Key Managerial Personnel of the Bank and their relatives are, in any way, financially or otherwise, concerned or interested in the passing of the Ordinary Resolutions as set out at Item Nos. 11: To approve increase in Borrowing Powers The Members of t
He led key functions including Digital Banking, HR Transformation, MSME Banking, Retail Banking, and overseas Operations. He was part of the core strategic leadership team at PNB, contributing to its expansion into international markets such as the UK, Bhutan, Nepal, and Kazakhstan. He served as Director of DRUK PNB Bank, Bhutan, strengthening cross-border banking capabilities.
Structured Finance and Debt Syndication The Structured Finance and Debt Syndication business provides end-to-end financing solutions for large and mid-sized corporates. It specialises in loan syndication, structured term loans, ECBs, working capital finance, infrastructure funding, and greenfield and brownfield project financing. Leveraging strong relationships with public and private sector banks, NBFCs, Development
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
DIRECTOR & BUSINESS NETWORK
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