RBL Bank Shares Surge Over 6% to Reach 5-Week High Following Strong Q4 Update
RBL Bank share price gains over 6% to 5-week high on strong Q4 business update
Mint
Image: Mint
RBL Bank's shares rose 6.22% to ₹319.75 on April 6, reaching a five-week high after a positive Q4 business update. Key metrics showed a 25% year-on-year increase in total deposits and a 22% rise in gross advances, reflecting strong growth and investor confidence.
- 01RBL Bank shares climbed 6.22% to a five-week high of ₹319.75.
- 02Total deposits increased by 25% year-on-year to ₹1.39 lakh crore.
- 03Gross advances rose 22% year-on-year to ₹1.15 lakh crore.
- 04The bank's total business crossed ₹2.5 lakh crore, marking 24% annual growth.
- 05Emirates NBD Bank received RBI approval to acquire up to 74% stake in RBL Bank.
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On April 6, RBL Bank's shares surged 6.22% to a five-week high of ₹319.75 following a strong business update for the March quarter. The bank reported a 25% year-on-year growth in total deposits, reaching ₹1.39 lakh crore, and a 22% increase in gross advances to ₹1.15 lakh crore. The robust performance was driven by significant growth in the retail segment, with secured retail advances rising 36% year-on-year. Additionally, the bank's total business crossed ₹2.5 lakh crore, reflecting a 24% annual growth. The Reserve Bank of India (RBI) approved a proposal for Emirates NBD Bank, the second largest bank in the UAE, to acquire up to 74% stake in RBL Bank, further boosting investor sentiment. This approval, granted on April 1, follows Emirates NBD's interest expressed in October 2025 to acquire a 60% stake for ₹26,853 crore. RBL Bank's shares have shown remarkable resilience, nearly doubling in value since December 2024, delivering a 100% return in the calendar year 2025.
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The rise in RBL Bank's share price indicates growing investor confidence, which could lead to increased investment in the bank and potentially better services for customers.
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