{
RBL Bank Limited

Companies

}
market turmoil as sensex plunges and new ipos gain traction
Transrail Lighting's IPO, valued at Rs 839 crore, was fully subscribed by Day 2, with a listing set for December 27. Meanwhile, the stock market faced significant losses, with the SENSEX plunging over 900 points, driven by declines in IT stocks and profit booking in Mobikwik shares after a recent rally. Other IPOs, including Mamata Machinery and Concord Enviro Systems, showed strong subscription rates, reflecting robust investor interest.
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United States Dollar Australian Dollar Japanese Yen New Zealand Dollar Canadian Dollar National Aluminium Company Limited RBL Bank Limited NMDC Limited Granules India Limited Manappuram Finance Limited Hindustan Copper Limited Bandhan Bank Limited PVR INOX Limited IND Show more
Finance & Economy, Market Report
02:40 20.12.2024
RBL Bank ends co-branded credit card partnership with Bajaj Finance
RBL Bank has ended its co-branded credit card partnership with Bajaj Finance due to changing product synergies, with BFL now contributing significantly less to new card sourcing. This decision, while unexpected, is seen as a prudent risk management move amid challenges in the bank's unsecured lending segment. Consequently, ICICI Securities has downgraded the stock to HOLD with a revised target price of INR 160, reflecting a cautious outlook on growth and return on assets.
Moneycontrol
Indian Rupee RBL Bank Limited Bajaj Finance Limited IND
Finance & Economy, Market Report
10:24 02.12.2024
RBL Bank and Bajaj Finance halt new co-branded credit card issuance
RBL Bank and Bajaj Finance Limited have decided to halt the issuance of new co-branded credit cards, with existing cards remaining operational and transitioning to RBK branding upon renewal. The bank plans to diversify partnerships to reduce reliance on any single entity while maintaining its focus on the credit card business. Growth and margin estimates have been moderated, leading to a 5% and 15% cut in FY25/26E PAT estimates, with a revised target price of INR 170.
Moneycontrol
RBL Bank Limited Bajaj Finance Limited Mahindra Finance TVS Finance IOCHP,MAXIONON NM IRCTC IND Show more
Finance & Economy, Market Report
09:49 02.12.2024
bajaj finance exits co-branded credit card business amid strategic shift
Bajaj Finance has decided to exit the co-branded credit card distribution business, terminating its partnership with RBL Bank and potentially with DBS Bank as well. This move comes despite previous ambitions to become a leading card issuer, as the company currently holds around 4 million co-branded credit cards. While valuations appear attractive, significant upside is unlikely until Bajaj Finance addresses asset quality challenges in its B2C loan book and increases the proportion of secured loans. The target price is set at INR 7,250.
Moneycontrol
Indian Rupee Bajaj Finance Limited RBL Bank Limited DBS Bank IND Show more
Finance & Economy, Market Report
08:59 02.12.2024
brokerage updates investec lowers rbl bank target morgan stanley trims indusind bank
Investec has downgraded its target for RBL Bank to ₹170, citing a termination of its co-branding card arrangement with Bajaj Finance, which may lead to a moderation in credit growth. Meanwhile, Nomura maintains a buy call on Dixon Tech with a target of ₹18,654 per share, highlighting the company's potential in premium smartphone production. Nuvama also recommends a buy on Adani Ports, setting a target of ₹1,960 per share, driven by logistics advancements and strong volume guidance.
Moneycontrol
Dixon Tech Adani Ports Bajaj Finance Limited RBL Bank Limited Show more
Finance & Economy, Market Report
03:20 02.12.2024
RBL Bank and Bajaj Finance end co-branded credit card partnership
RBL Bank and Bajaj Finance have mutually agreed to end their partnership for co-branded credit cards, citing changes in synergies over time. Despite this decision, RBL Bank will continue to service the accounts of 34 million cardholders and maintain seamless customer support. The bank aims to diversify its collaborations with other NBFCs and consumer brands.
Moneycontrol
RBL Bank Limited Bajaj Finance FUT, November 202 Mahindra & Mahindra Finance Limited TVS Finance Limited IOCHP,MAXIONON NM IRCTC IND Show more
Finance & Economy, Press Release
18:07 29.11.2024
Bajaj Finance reports steady growth but maintains neutral outlook with target price
Bajaj Finance reported a 13% YoY growth in PAT for 2QFY25, reaching approximately INR 40.1 billion, with NII increasing by 23% YoY to around INR 88.4 billion. Despite a healthy PAT CAGR of ~24% projected through FY27E, the stock is rated Neutral with a target price of INR 7,320, reflecting limited upside catalysts.
Moneycontrol
Indian Rupee Bajaj Finance Limited RBL Bank Limited IND Motilal Oswal
Finance & Economy, Market Report
16:04 24.10.2024
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