RBL Bank Ltd. (IN:RBLBANK)
:RBLBANK
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RBL Bank Ltd.
(RBLBANK)
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Rating:61Neutral
Price Target:
₹364.00
▲(21.37% Upside)
Action:Reiterated
Date:04/27/26
The score is primarily held back by financial quality concerns—uneven profitability versus the 2024 peak and highly volatile operating/free cash flow—despite strong revenue growth and an improving (but historically leveraged) balance sheet. Technicals are supportive with a clear uptrend and constructive momentum, while valuation is moderate and the very low dividend yield offers limited support.
Positive Factors
Revenue growth
A large step-up in revenue scale (2026 ~142% growth) indicates meaningful market traction and expanded customer activity. Sustained top-line expansion supports diversification of income, better absorption of fixed costs, and a structurally stronger base for fee and NII growth over months.
Negative Factors
Cash-flow volatility
Highly inconsistent operating and free cash flow across years undermines the reliability of internal funding for lending, investments, and provisions. Persistent swings increase reliance on external funding or capital raises and amplify execution risk across 2–6 months.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue growth
A large step-up in revenue scale (2026 ~142% growth) indicates meaningful market traction and expanded customer activity. Sustained top-line expansion supports diversification of income, better absorption of fixed costs, and a structurally stronger base for fee and NII growth over months.
Read all positive factors
RBL Bank Ltd. (RBLBANK) vs. iShares MSCI India ETF (INDA)
Market Cap
₹213.58B
Dividend Yield0.33%
Average Volume (3M)430.98K
Price to Earnings (P/E)24.2
Beta (1Y)1.40
Revenue Growth3.62%
EPS Growth21.30%
CountryIN
Employees22,564
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)8.88
Shares Outstanding618,700,260
10 Day Avg. Volume646,440
30 Day Avg. Volume430,976
Financial Highlights & Ratios
PEG Ratio0.94
Price to Book (P/B)1.06
Price to Sales (P/S)0.96
P/FCF Ratio4.79
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)20.56
Revenue Forecast (FY)₹132.45B
RBL Bank Ltd. Business Overview & Revenue Model
Company Description
RBL Bank Limited operates as a scheduled commercial bank in India. It operates through Corporate/Wholesale Banking, Retail Banking, Treasury, and Other Banking Operations segments. The company's deposit products include savings, current, and insti...
How the Company Makes Money
RBL Bank primarily earns money through (1) net interest income and (2) non-interest (fee and other) income. Net interest income is generated from the spread between interest earned on assets—such as retail and MSME loans, corporate advances, inves...
RBL Bank Ltd. Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
60
Neutral
Cash Flow
45
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 182.06B | 184.64B | 179.83B | 153.22B | 121.16B | 107.96B |
| Gross Profit | 79.40B | 82.30B | 104.07B | 89.72B | 74.38B | 66.48B |
| EBITDA | 4.39B | 13.53B | 9.32B | 15.83B | 14.34B | -263.38M |
| Net Income | 5.41B | 8.79B | 7.17B | 12.60B | 9.20B | -1.66B |
Balance Sheet | ||||||
| Total Assets | 1.54T | 1.81T | 1.47T | 1.38T | 1.16T | 1.06T |
| Cash, Cash Equivalents and Short-Term Investments | 147.18B | 230.66B | 125.66B | 144.23B | 85.27B | 175.57B |
| Total Debt | 152.25B | 167.96B | 137.35B | 267.10B | 237.79B | 233.36B |
| Total Liabilities | 1.38T | 1.64T | 1.31T | 1.24T | 1.02T | 936.32B |
| Stockholders Equity | 161.20B | 167.24B | 156.70B | 148.37B | 135.26B | 125.30B |
Cash Flow | ||||||
| Free Cash Flow | -51.94B | 37.09B | -11.12B | 28.30B | -112.76B | 61.78B |
| Operating Cash Flow | -51.07B | 39.44B | -8.24B | 30.34B | -110.31B | 64.49B |
| Investing Cash Flow | -828.00M | -246.17B | -2.81B | -168.68B | -2.34B | -2.64B |
| Financing Cash Flow | 72.04B | 311.86B | -5.03B | 194.38B | 81.03B | -1.09B |
RBL Bank Ltd. Technical Analysis
Positive
299.90
Price Trends
319.83
Positive
314.88
Positive
302.63
Positive
Market Momentum
5.77
Negative
59.93
Neutral
85.30
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RBLBANK, the sentiment is Positive. The current price of 299.9 is below the 20-day moving average (MA) of 335.49, below the 50-day MA of 319.83, and below the 200-day MA of 302.63, indicating a bullish trend. The MACD of 5.77 indicates Negative momentum. The RSI at 59.93 is Neutral, neither overbought nor oversold. The STOCH value of 85.30 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:RBLBANK.
RBL Bank Ltd. Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ₹189.90B | 14.31 | ― | 0.69% | 17.48% | 17.90% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | ₹738.90B | 27.86 | ― | 0.10% | 16.04% | 25.01% | |
61 Neutral | ₹213.58B | 24.22 | ― | 0.33% | 3.62% | 21.30% | |
58 Neutral | ₹335.49B | 27.39 | ― | 1.00% | -1.78% | -55.40% | |
56 Neutral | ₹614.81B | 38.53 | ― | 0.29% | 11.37% | -3.10% | |
48 Neutral | ₹712.07B | 80.06 | ― | 1.95% | -5.11% | -65.49% |
* Financial Sector Average
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RBL Bank Ltd. Corporate Events
Emirates NBD Launches Rs 117 Billion Open Offer for 26% Stake in RBL Bank
May 22, 2026
RBL Bank has disclosed that it has received a Letter of Offer related to an open offer by Emirates NBD Bank for acquiring a significant stake in the bank. The offer, managed by J.P. Morgan India, proposes to purchase up to 415.6 million equity sha...
RBL Bank Increases Paid-Up Capital with New ESOP Share Allotment
May 11, 2026
RBL Bank Limited has allotted 354,973 equity shares with a face value of Rs. 10 each to eligible employees following the exercise of vested stock options under its employee stock option schemes. This allotment reflects the bank’s ongoing use...
RBL Bank Secures RBI Nod for AoA Changes Tied to Emirates NBD Deal
May 7, 2026
RBL Bank has received approval from the Reserve Bank of India for amendments to its Articles of Association under the Banking Regulation Act, 1949. The changes include revisions to director nomination rights associated with Emirates NBD Bank (P.J....
RBL Bank Secures SEBI Nod for Change in Control Tied to Emirates NBD Investment
Apr 30, 2026
RBL Bank has announced that India’s capital markets regulator has granted prior approval for a change in control linked to a proposed investment by Emirates NBD Bank via a preferential equity share issue. This marks a key regulatory mileston...
RBL Bank Publishes Audited FY26 Results in Line with SEBI Norms
Apr 26, 2026
RBL Bank has published an extract of its audited financial results for the quarter and financial year ended March 31, 2026. The results, approved by the bank’s Board of Directors on April 25, 2026, have been released via newspaper advertisem...
RBL Bank posts FY26 earnings call audio, to upload transcript online
Apr 25, 2026
RBL Bank Limited has notified the stock exchanges that the audio recording of its earnings call with analysts and investors, discussing the audited financial results for the quarter and financial year ended March 31, 2026, has been uploaded to the...
RBL Bank Publishes EGM Notice in Newspapers, Confirms Email Dispatch to Shareholders
Apr 12, 2026
RBL Bank Limited has notified the stock exchanges that it has published newspaper advertisements regarding its upcoming Extraordinary General Meeting (EGM) of shareholders. The notices, released on April 12, 2026 in the Financial Express and Punya...
RBL Bank Receives Corrigendum on Emirates NBD’s ₹116 Billion Open Offer
Apr 12, 2026
RBL Bank has disclosed that it has received a corrigendum related to the ongoing open offer by Emirates NBD Bank to acquire a substantial stake in the bank. The open offer targets up to 415.59 million equity shares, representing 26% of the expande...
RBL Bank Sets May 4, 2026 EGM with Remote E-Voting Framework
Apr 11, 2026
RBL Bank has scheduled an Extraordinary General Meeting of its shareholders for May 4, 2026, to be conducted via video conferencing or other audio-visual means, with the notice circulated electronically to members whose email addresses are registe...
RBL Bank’s Provisional FY26 Update Shows Strong Growth in Deposits and Advances
Apr 2, 2026
RBL Bank has reported strong provisional business growth for the year ended March 31, 2026, with total deposits rising 25% year-on-year to Rs 1.39 lakh crore and gross advances increasing 22% to Rs 1.15 lakh crore. Total business crossed Rs 2.5 la...
RBL Bank Grants 238,000 ESOPs to Employees Under 2013 and 2018 Plans
Mar 21, 2026
RBL Bank has approved the grant of 238,000 stock options under its 2013 and 2018 Employee Stock Option Plans to eligible employees, with each option convertible into one equity share of Rs. 10 at an exercise price of Rs. 297.25, based on the prior...
RBL Bank Updates Markets on Analyst and Investor Meetings
Mar 18, 2026
RBL Bank Limited has disclosed that it conducted a series of one-on-one meetings with analysts and an institutional investor on March 18, 2026 in Mumbai. The interactions involved ICICI Securities, Equirus Securities, Ambit Capital, Citigroup Glob...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.