RBL Bank will hold a meeting of the Board of Directors of the Company on 27 January 2022.

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RBL Bank Ltd is up for a third straight session today. The stock is quoting at Rs 148.75, up 4.02% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is up around 0.75% on the day, quoting at 18190.4. The Sensex is at 61045.99, up 0.71%. RBL Bank Ltd has slipped around 24.28% in last one month.

Meanwhile, Nifty Bank index of which RBL Bank Ltd is a constituent, has slipped around 5.01% in last one month and is currently quoting at 38442.2, up 0.87% on the day. The volume in the stock stood at 155.36 lakh shares today, compared to the daily average of 353.23 lakh shares in last one month.

The benchmark January futures contract for the stock is quoting at Rs 148.1, up 3.86% on the day. RBL Bank Ltd is down 41.53% in last one year as compared to a 24.89% jump in NIFTY and a 19.04% jump in the Nifty Bank index.

The PE of the stock is 0 based on TTM earnings ending September 21.

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RBL Bank and Google today announced a strategic collaboration to fuel the Bank's customer experience strategy and expand its value proposition to serve its rapidly growing customer base through its digital platform, Abacus 2.0. This collaboration will enable better customer data management, and analytics, enabling effective cross-selling within the Bank's large customer base and subsequently reducing the cost of customer acquisition, significantly. Through Abacus 2.0, the Bank aims to provide a superior and holistic one stop solution to its existing and new customers, to seamlessly deliver its different product offerings across channels.

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The advances have risen by 3.5% as compared with Rs 57,939 crore as on 30 September 2021.

Retail advances was flat while wholesale advances grew 8% sequentially for the quarter ended 31 December 2021. The mix of retail to wholesale advances was approximately 53:47,” the private lender said in a statement.

RBL Bank is a private sector bank. It offers specialized services under five business verticals namely: corporate & institutional banking, commercial banking, branch & business banking, retail assets and treasury and financial markets operations. It currently services over 9.97 million customers through a network of 445 branches, 1,435 business correspondent branches (of which 271 banking outlets) and 386 ATMs spread across 28 Indian states and Union Territories.

The bank's net profit declined 78.63% to Rs 30.80 crore on 2.10% rise in total income to Rs 2,567.65 crore in Q2 FY22 over Q2 FY21.

The scrip rose 1.45% to end at Rs 132.70 on the BSE yesterday.

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