RBL Bank has allotted 58,355 equity shares under ESOP. Consequently, the paid up share capital of the Bank has increased from 59,84,18,433 equity shares of Rs. 10 each aggregating to Rs. 5,984,184,330 to59,84,76,788 equity shares of Rs. 10 each aggregating to Rs. 5,984,767,880.

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RBL Bank Ltd fell for a fifth straight session today. The stock is quoting at Rs 210.15, down 2.19% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is down around 0.97% on the day, quoting at 15769.3. The Sensex is at 52577.06, down 1.06%.RBL Bank Ltd has eased around 0.87% in last one month.Meanwhile, Nifty Bank index of which RBL Bank Ltd is a constituent, has increased around 0.41% in last one month and is currently quoting at 35751.8, down 2.06% on the day. The volume in the stock stood at 54.09 lakh shares today, compared to the daily average of 80.28 lakh shares in last one month.

The benchmark July futures contract for the stock is quoting at Rs 209.95, down 2.3% on the day. RBL Bank Ltd jumped 20.29% in last one year as compared to a 43.07% rally in NIFTY and a 56.87% spurt in the Nifty Bank index.

The PE of the stock is 25.3 based on TTM earnings ending March 21.

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The Reserve Bank of India (RBI) imposed restrictions yesterday on Mastercard Asia/Pacific (Mastercard) from on-boarding new domestic customers (debit, credit or prepaid) onto its card network from 22 July 2021.

RBL Bank currently issues credit cards on the Mastercard network only. The debit and prepaid cards issued by the bank are already enabled on other payment networks in addition to the Mastercard network.

As of date RBL Bank has approximately 3 million credit card customers and is the fifth largest credit card issuer in the country with approximately 5% market share.

Separately, RBL Bank said it has entered into an agreement with Visa Worldwide (Visa) yesterday to issue credit cards enabled on the Visa payment network. RBL Bank expects to start issuance of credit cards on the Visa payment network post the technology integration which is expected to take 8 to 10 weeks.

In the interim, RBL further added that its current run rate of approximately 100,000 new credit card issuances per month could potentially be impacted till such time that there is clarity from the regulator on issuing new credit cards on the Mastercard network or till the technical integration with Visa is complete.

In a notification issued on Wednesday evening, RBI said, The Reserve Bank of India (RBI) has today imposed restrictions on Mastercard Asia / Pacific Pte. Ltd. (Mastercard) from onboarding new domestic customers (debit, credit or prepaid) onto its card network from July 22, 2021. Notwithstanding lapse of considerable time and adequate opportunities being given, the entity has been found to be non-compliant with the directions on Storage of Payment System Data.”

RBL Bank is a private sector bank. The bank added 26 branches during Q4 FY21 taking total number of branches to 429 as at 31 March 2021. In addition, the bank also has 1,365 business correspondent branches, of which 260 are banking outlets.

The bank reported 34.1% drop in net profit to Rs 75.34 crore on 3.6% decline in total income to Rs 2,610.83 crore in Q4 FY21 over Q4 FY20.

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Retail LCR Deposits surged 47% to Rs 29,484 crore. Current Account-Savings Account (CASA) soared 35% to Rs 25,071 crore.

CASA ratio stood at 33.7% as on 30 June 2021 as against 30.1% registered on 30 June 2020. Liquidity Coverage Ratio fell to 135% on 30 June 2021 from 164% posted on 30 June 2020.

Gross advances grew by 2% to Rs 58,755 crore as on 30 June 2021 as against Rs 57,743 crore reported on 30 June 2020. The bank said mix of retail: wholesale advances was approximately 57:43.

Shares of RBL Bank were trading 0.3% higher at Rs 213.90 on BSE.

RBL Bank is a private sector bank. The bank added 26 branches during Q4FY21 taking total number of branches to 429 as at 31 March 2021. In addition, the bank also has 1,365 business correspondent branches, of which 260 are banking outlets.

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