RBL Bank Ltd. (RBLBANK) AI Stock Analysis

• Market Cap: ₹183.97B
• Dividend Yield: 0.33%
• Average Volume (3M): 430.98K
• Price to Earnings (P/E): 25.2
• Beta (1Y): 1.74
• Revenue Growth: 6.67%
• EPS Growth: -54.96%
• Country: IN
• Employees: 22,564
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 3.50
• Shares Outstanding: 617,156,500
• 10 Day Avg. Volume: 646,440
• 30 Day Avg. Volume: 430,976
• PEG Ratio: -0.34
• Price to Book (P/B): 0.68
• Price to Sales (P/S): 0.60
• P/FCF Ratio: -9.62
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹415.00
• Price Target Upside: 39.22% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 58 Neutral
• Price Target: ₹314.00 ▲(5.33% Upside)

The score is driven primarily by solid revenue growth and balance sheet improvement, offset by unstable profitability and recent negative/volatile cash flows. Technicals are mixed with weak short-term trend, and valuation looks less attractive due to a higher P/E and low dividend yield.

Positive Factors

Revenue Growth Trend

Sustained top-line expansion over multiple years indicates successful loan growth and higher interest/fee income generation capacity. Durable revenue growth supports economies of scale, continued reinvestment in distribution and risk buffers, and provides a foundation for long-term profitability recovery.

Improving Equity Base

A steadily rising equity base strengthens regulatory capital, increases loss-absorption capacity, and permits sustainable balance-sheet expansion. This structural improvement reduces solvency risk, supports higher lending limits, and enhances resilience across economic cycles over the medium term.

Diversified Revenue Sources

Strategic fintech and institutional partnerships broaden fee income, distribution channels, and product innovation. Diversification away from pure interest income lowers sensitivity to margin compression, helps stabilize revenue streams, and supports sustainable customer acquisition over multiple quarters.

Negative Factors

Inconsistent Profitability

Episodic net losses and volatile margins undermine dependable internal capital generation and make earnings guidance difficult. Persistent margin variability can limit ability to build reserves, reinvest in growth, and sustain credit quality improvements across economic cycles.

Volatile Operating Cash Flow

Negative and fluctuating operating/free cash flow signals weaker cash conversion from core banking activities. Structural cash volatility can force reliance on external funding, constrain liquidity buffers, and reduce flexibility for loan growth or capital returns during adverse periods.

Elevated Liability Levels

A high absolute liability base increases reliance on liability management and funding mix quality. In stressed markets, concentrated or short-tenor liabilities can amplify refinancing and liquidity risk, limiting the bank's ability to expand assets or absorb shocks without costly funding alternatives.

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 institution accounts, as well as fixed deposits. It also offers business, home, personal, car, and education loans, as well as loans against property, overdraft against property, loans against gold, working capital finance, and unsecured and secured small business loans; life, general, and health insurance products; investments services, such as wealth management, e-ASBA, and national pension system; and demat account. In addition, the company provides online tax and bill payment, online banking, digital and net banking, and merchant payment services, as well as debit, credit, and prepaid cards. Further, it offers mergers and acquisitions advisory, private equity capital advisory, project and infrastructure finance, structured finance, and real estate financing; cash management, trade and remittance, and supply chain finance services; and financial markets and treasury products, such as capital markets, and forex and bullion. Additionally, the company provides agribusiness, NRI, and signature banking services, as well as safe deposit lockers. As of July 31, 2021, it operated a network of approximately 435 bank branches; 1,424 business correspondent branches; and 380 ATMs. The company was formerly known as The Ratnakar Bank Limited and changed its name to RBL Bank Limited in August 2014. RBL Bank Limited was incorporated in 1943 and is based in Mumbai, India.

How the Company Makes Money

RBL Bank generates revenue primarily through interest income earned on loans and advances, which constitutes a significant portion of its earnings. The bank charges interest on various loan products, including personal loans, home loans, and business loans. Additionally, RBL Bank earns fee-based income from services such as credit and debit card transactions, account maintenance charges, and transaction fees for banking services. The bank also benefits from investment income generated from its securities portfolio. Key partnerships with fintech companies and other financial institutions enhance its product offerings and customer reach, further contributing to its revenue streams.

RBL Bank Ltd. Financial Statement Overview

Summary

Strong total revenue growth and a steadily improving equity base support the score. However, profitability has been inconsistent (including a loss year), and recent operating/free cash flow volatility with negative periods raises liquidity and sustainability concerns.

Income Statement

RBL Bank has demonstrated a positive trend in total revenue, increasing from 58.26 billion in 2020 to 178.19 billion in 2025. Despite this growth, net profit margins have been inconsistent, with a notable dip into negative territory in 2022. The gross profit margin has improved over the years, indicating better cost management. However, the decrease in EBIT and EBITDA margins in recent years suggests challenges in operational efficiency. The bank's revenue growth is commendable, albeit with fluctuating profitability.

Balance Sheet

The balance sheet reflects a solid equity base, with stockholders' equity rising steadily from 105.65 billion in 2020 to 156.70 billion in 2025. The debt-to-equity ratio has improved, indicating better leverage management. However, the relatively high total liabilities suggest potential risks if not managed carefully. The equity ratio has been stable, reflecting a balanced asset structure. Overall, RBL Bank's balance sheet shows strength but requires careful monitoring of liabilities.

Cash Flow

RBL Bank's cash flow statement indicates volatility, with operating cash flow turning negative in 2023 and 2025 after positive figures in previous years. The free cash flow has shown significant fluctuations, posing challenges in maintaining consistent cash reserves. The negative free cash flow in recent years is a concern, reflecting potential liquidity issues. Despite previous years of positive cash flow growth, the current trend highlights the need for improved cash management.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	150.83B	178.19B	153.22B	121.16B	107.96B	105.50B
Gross Profit	92.94B	102.43B	89.72B	74.38B	66.48B	60.11B
EBITDA	4.98B	9.32B	15.83B	14.34B	-263.30M	6.99B
Net Income	5.80B	7.17B	12.60B	9.20B	-1.66B	5.29B
Balance Sheet
Total Assets	0.00	1.47T	1.38T	1.16T	1.06T	1.01T
Cash, Cash Equivalents and Short-Term Investments	0.00	125.66B	144.23B	85.27B	175.57B	134.43B
Total Debt	0.00	137.35B	267.10B	237.79B	233.36B	183.18B
Total Liabilities	-156.70B	1.31T	1.24T	1.02T	936.32B	879.53B
Stockholders Equity	156.70B	156.70B	148.37B	135.26B	125.30B	126.66B
Cash Flow
Free Cash Flow	0.00	-11.12B	28.30B	-112.76B	61.78B	74.52B
Operating Cash Flow	0.00	-8.24B	30.34B	-110.31B	64.49B	76.31B
Investing Cash Flow	0.00	-2.81B	-168.68B	-2.34B	-2.64B	-1.74B
Financing Cash Flow	0.00	-5.03B	194.38B	81.03B	-1.09B	-42.07B

RBL Bank Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 298.10
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 298.1 is below the 20-day moving average (MA) of 304.17, below the 50-day MA of 305.55, and above the 200-day MA of 267.67, indicating a neutral trend. The MACD of -3.76 indicates Positive momentum. The RSI at 46.20 is Neutral, neither overbought nor oversold. The STOCH value of 39.91 is Neutral, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
J&KBANK	75 Outperform	₹115.35B	5.38	―	1.03%	9.52%	1.91%
KTKBANK	70 Outperform	₹68.82B	5.99	―	2.42%	―	―
CUB	69 Neutral	₹224.48B	18.55	―	0.69%	14.95%	14.22%
DCBBANK	68 Neutral	₹64.22B	8.97	―	0.76%	21.44%	17.14%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
CDSL	61 Neutral	₹275.92B	57.94	―	0.82%	3.63%	-11.24%
RBLBANK	58 Neutral	₹183.97B	25.24	―	0.33%	6.67%	-54.96%

RBL Bank Ltd. Corporate Events

RBL Bank Publishes Unaudited Q3 and Nine-Month FY2025 Results Extracts

RBL Bank Limited has published in leading English and Marathi newspapers the extract of its unaudited financial results for the quarter and nine months ended December 31, 2025, as approved by its Board of Directors on January 17, 2026. In line with Securities and Exchange Board of India listing requirements, the bank has also made these financial disclosures available on its website, reinforcing its regulatory compliance and transparency for shareholders and other market participants.

RBL Bank Board Clears Q3 FY26 Unaudited Financial Results

RBL Bank’s board of directors has approved the bank’s unaudited standalone and consolidated financial results for the quarter and nine months ended 31 December 2025, following a recommendation by its audit committee. The board also noted the limited review reports issued by its joint statutory auditors on these results and has filed the financial statements with the stock exchanges and published them on the bank’s website, ensuring regulatory compliance and transparency for investors and other stakeholders.

RBL Bank Posts Higher Q3 FY26 Operating Profit, Strengthens Asset Quality Despite One-Off Cost

RBL Bank reported unaudited financial results for the quarter ended 31 December 2025, with net profit at ₹214 crore, dampened by a one-off pre-tax expense of ₹32 crore arising from revised wage definitions under New Labour Codes. Net interest income rose 5% year-on-year and 7% sequentially to ₹1,657 crore with a net interest margin of 4.63%, while other income, excluding last year’s one-off gain, grew 13% year-on-year and quarter-on-quarter to ₹1,050 crore, and operating profit increased 7% year-on-year and 25% sequentially to ₹912 crore as the cost-to-income ratio improved to 66.3%. The bank’s net advances expanded 14% year-on-year to ₹1,03,086 crore, with retail loans up 10% and wholesale advances up 21%, total deposits growing 12% to ₹1,19,721 crore supported by faster growth in granular deposits, and asset quality strengthening as gross NPAs fell to 1.88% and net NPAs to 0.55% alongside a high provision coverage ratio of 93.2%, underscoring improved operational efficiency and balance-sheet resilience.

RBL Bank Publishes Q3 FY2025 Financials and Investor Presentation

RBL Bank Limited has released its unaudited standalone financial results for the quarter and nine months ended December 31, 2025, and circulated a corresponding press release and investor presentation to the stock exchanges. In line with SEBI Listing Regulations, the bank is also providing enhanced transparency to investors and analysts by hosting these disclosures, along with the audio recording and transcript of its January 17, 2026 earnings call, on its website, underscoring its adherence to regulatory requirements and its focus on investor communication and disclosure standards.

RBL Bank Posts Double-Digit Growth in Deposits and Advances, Deepens Focus on Granular Retail Franchise

RBL Bank Limited reported provisional operational metrics for the quarter ended 31 December 2025, highlighting a 12% year-on-year increase in total deposits to Rs 119,721 crore and a 13% year-on-year rise in gross advances to Rs 104,502 crore. Deposits below Rs 3 crore, a proxy for granular retail deposits, grew 15% year-on-year and now account for about 51.5% of total deposits, underscoring the bank’s strategic push towards a more stable, retail-focused liability franchise. On the lending side, secured retail advances grew 24% year-on-year, while unsecured retail advances declined 6%, indicating a shift towards lower-risk retail assets; overall retail advances rose 9% year-on-year and remained flat sequentially, whereas wholesale advances grew 19% year-on-year and 5% quarter-on-quarter, with commercial banking advances up 29% year-on-year. The bank maintained strong liquidity with an average Liquidity Coverage Ratio of 125% for the quarter and reported robust current-bucket collection efficiency of 99.5% in its JLG segment, signaling stable asset quality trends. These provisional figures, released ahead of the audited financial results, suggest continued balance-sheet expansion with a cautious tilt towards secured and granular business, which may support RBL Bank’s risk profile and competitive positioning in the mid-sized private banking space.

RBL Bank Reports Analyst Meeting with Investec, Affirms Regulatory Compliance

RBL Bank Limited has disclosed to the stock exchanges that it held a one-on-one analyst and investor meeting with Investec Capital Services (India) Private Limited on December 22, 2025, via video conferencing in Mumbai, in line with SEBI’s Listing Obligations and Disclosure Requirements. The bank emphasized that no unpublished price sensitive information was shared during the interaction and that details of the engagement have been made available on its website, underscoring its adherence to regulatory transparency and investor communication norms.

RBL Bank Announces CFO Resignation and Interim Successor

RBL Bank Limited announced the resignation of its Chief Financial Officer, Mr. Buvanesh Tharashankar, who is leaving to pursue opportunities outside the bank. The bank has accepted his resignation and has an interim successor in place as per its succession plan, ensuring continuity in its financial management. This change in senior management is part of the bank’s ongoing efforts to adapt and strengthen its leadership team.

RBL Bank Hosts Analyst/Investor Meet in Mumbai

RBL Bank Limited announced the schedule of an Analyst/Investor Meet held on December 11, 2025, in Mumbai with Emkay Global Financial Services Limited. The meeting was conducted in compliance with SEBI regulations, and no unpublished price sensitive information was disclosed. This meeting is part of RBL Bank’s ongoing efforts to maintain transparency and engage with stakeholders, reflecting its commitment to regulatory compliance and investor relations.

RBL Bank Announces Departure of Independent Director Dr. Somnath Ghosh

RBL Bank Limited announced the completion of Dr. Somnath Ghosh’s term as a Non-Executive Independent Director, effective December 6, 2025. The Board expressed appreciation for Dr. Ghosh’s valuable contributions during his tenure, which reflects the bank’s commitment to maintaining strong governance and leadership as it continues to navigate the competitive banking sector.

RBL Bank Announces Analyst/Investor Meet Schedule

RBL Bank Limited announced the schedule of an Analyst/Investor meet held on December 4, 2025, in Mumbai, organized by Motilal Oswal Securities Ltd. The meeting was conducted in compliance with SEBI regulations, ensuring no unpublished price sensitive information was disclosed, and details are available on the bank’s website.

RBL Bank Schedules Analyst and Investor Meet in Mumbai

RBL Bank Limited has announced a scheduled analyst and investor meeting as part of the Citi India Financial Tour, set to take place on December 15, 2025, in Mumbai. This meeting aims to engage with investors, providing them with insights into the bank’s operations and financial highlights, which are also available on the bank’s website. The initiative reflects RBL Bank’s commitment to transparency and stakeholder engagement, potentially impacting its market perception positively.

RBL Bank Concludes EGM with Shareholder Approval on Key Items

RBL Bank Limited announced the successful conclusion of its Extraordinary General Meeting (EGM) held on November 12, 2025, where all proposed items were approved by the shareholders with the required majority. This meeting, which included remote e-voting and in-person voting, signifies a strategic alignment with regulatory requirements and enhances the bank’s governance framework, potentially impacting its market positioning positively.

RBL Bank Concludes Postal Ballot with Approval for Executive Remuneration

RBL Bank Limited announced the successful conclusion of its postal ballot process, which sought approval for the remuneration of its Managing Director & CEO, Mr. R. Subramaniakumar, and Executive Director, Mr. Rajeev Ahuja. The resolutions were passed with the requisite majority through remote e-voting, marking a significant step in the bank’s governance and operational transparency. The results have been made publicly available on the bank’s website and other relevant platforms, underscoring its commitment to regulatory compliance and stakeholder engagement.

RBL Bank Announces EGM Notice Dispatch via Newspaper Ad

RBL Bank Limited announced the publication of a newspaper advertisement regarding the Extraordinary General Meeting (EGM) of its members. The announcement informs stakeholders of the completion of the dispatch of the EGM notice, including relevant documents, via email. This step is part of the bank’s compliance with regulatory requirements and aims to ensure transparency and effective communication with its shareholders.

RBL Bank Schedules Extraordinary General Meeting for November 2025

RBL Bank Limited has announced an Extraordinary General Meeting (EGM) scheduled for November 12, 2025, to discuss key resolutions. The meeting will be held in Kolhapur, and members can participate through remote e-voting, which will be open from November 7 to November 11, 2025. The bank has appointed a scrutinizer to ensure a transparent voting process, with results to be announced shortly after the EGM. This meeting is a significant event for stakeholders as it involves critical decisions that could impact the bank’s strategic direction.

RBL Bank Opens Special Window for Physical Share Transfer Deeds

RBL Bank Limited has announced a special window for the re-lodgment of transfer deeds for physical shares of the bank. This initiative, published in major newspapers, aims to facilitate shareholders in updating their share transfer documentation, potentially impacting the bank’s shareholder management and regulatory compliance.

RBL Bank Targeted in Public Acquisition Announcement

RBL Bank Limited is the target company in a public announcement submitted by J.P. Morgan India Private Limited to the Exchange. This announcement pertains to the substantial acquisition of shares and takeovers as per the Securities and Exchange Board of India regulations. The announcement may have implications for RBL Bank’s market positioning and shareholder interests.