Private-sector Indian bank offering retail and wholesale banking, credit cards, microfinance (JLG) and gold/business loans.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 4,322 | +23.2% YoY | Quarterly, as filed | Quarter to Sept 2026 | Revenue from operations as filed. |
| Operating margin | Operating profit / revenue | Quarter to Sept 2026 | Not in the filed figures for the quarter to sept 2026. No older figure is substituted. | ||
| Net profit | 482 | +169.3% YoY | Quarterly, as filed | Quarter to Sept 2026 | Profit after tax as filed. |
| Return on equity | 2.78 | +0.7 pts | Trailing twelve months | TTM to Sept 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | Fiscal year | FY ending Mar 2026 | Not in the analysed materials. No older figure is substituted. | ||
| Revenue growth (YoY) | 11.37 | −11.2 pts | Trailing twelve months | TTM to Sept 2026 | Revenue change against the same period one year earlier. |
Guidance
4 of 12 judged targets kept · 12 open · verdicts reflect calls analysed to Q1 FY27.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Equity Capital Raise | good for at least 12 months, post which we should be looking to raise capital | Q4 FY24 | The capital infusion from Emirates NBD was completed on June 18, 2026, confirming the successful conclusion of this promise. | Achieved |
| ROA | 1.4% at the end of 2026 | Q4 FY24 | The FY26 period has concluded. The 1.4% target was not achieved. New guidance for 1% ROA in FY27 has been issued. | Missed |
| Credit Card Slippages | Normalized by September [Q2 FY27] | Q3 FY26 | Timeline pushed out. Management now expects a material reduction from Q3 FY27 onwards, a quarter later than the original 'by September' [Q2 FY27] normalization target. | Delayed |
8 of RBL Bank's 24 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 21 more targets are in the full ledger.
Claimed
Qualified
Price
1Y: ₹315.95 on 24 Oct 2025 → ₹348.5. High ₹428 (23 Sept 2026), low ₹288.6 (23 Jan 2026).
Overview
Based on the company's own presentations, annual report and earnings calls.
RBL Bank Limited is a private-sector scheduled commercial bank in India, incorporated in 1943 and headquartered in Mumbai. It runs two core lines: Retail Banking, spanning credit cards, personal loans, joint-liability-group (JLG) microfinance, gold loans, housing loans, business loans, rural vehicle finance and agri loans, funded largely through CASA and retail term deposits; and Wholesale Banking, comprising Corporate Banking and Commercial Banking lending to large corporates and mid-market clients. The bank sources and services customers through a network of owned branches, business-correspondent (BC) branches and ATMs spread across India, alongside digital banking channels.
Segments
close before → close after
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Guidance
4 of 12 judged targets kept · 12 open · verdicts reflect calls analysed to Q1 FY27.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Equity Capital Raise | good for at least 12 months, post which we should be looking to raise capital | Q4 FY24 | The capital infusion from Emirates NBD was completed on June 18, 2026, confirming the successful conclusion of this promise. | Achieved |
| ROA | 1.4% at the end of 2026 | Q4 FY24 | The FY26 period has concluded. The 1.4% target was not achieved. New guidance for 1% ROA in FY27 has been issued. | Missed |
| Credit Card Slippages | Normalized by September [Q2 FY27] | Q3 FY26 | Timeline pushed out. Management now expects a material reduction from Q3 FY27 onwards, a quarter later than the original 'by September' [Q2 FY27] normalization target. | Delayed |
Claimed
Qualified
The full ledger
A free account opens 5 company ledgers a month. All 24 tracked commitments, with each call’s wording and source.
Call summaries
RBL Bank Q1 FY27
RBL Bank reported a strong Q1 FY27 with a 27% YoY increase in net profit, driven by robust advances growth and improved asset quality. A significant INR 260 billion equity infusion from Emirates NBD substantially boosted capital adequacy and led to a credit rating upgrade. While other income saw a decline and credit card slippages remained elevated, management expects material improvement in margins and asset quality from Q3 FY27.
Read the full callRBL Bank Q3 FY26
RBL Bank reported a strong Q3 FY26 with robust net advances growth of 14% YoY and a sequential NIM expansion of 12 bps to 4.63%. Asset quality showed improvement with GNPA reducing to 1.88%, though credit card slippages remain elevated. The bank continues its branch expansion and granular deposit growth strategy, while awaiting regulatory approvals for the Emirates NBD capital infusion.
Read the full callRBL Bank Q2 FY26
RBL Bank reported a quarter of steady operational progress, with advances crossing the INR1 lakh crore mark and continued strengthening of its balance sheet through granularization of deposits and a shift towards secured retail assets. The call was dominated by the landmark announcement of Emirates NBD's strategic investment of US$3 billion for a 60% stake, which is expected to significantly boost the bank's capital, accelerate growth, and enhance its global banking capabilities. Management expressed confidence in leveraging this partnership to scale existing businesses and explore new opportu
Read the full callNews
From the news desk, item by item, hours after each call.
Every analysed call
Fundamentals
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
Net profit, year on year: +169% (quarter to sept 2026 against sept 2025).
| Line item | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 3,536 | 3,476 | 3,441 | 3,507 | 3,667 | 3,720 | 3,840 | 4,322 |
| Expenses | 2,851 | 2,487 | 2,290 | 2,255 | 2,434 | 2,463 | 2,290 | 2,579 |
| Other income | 1,073 | 1,000 | 1,069 | 933 | 1,050 | 1,069 | 959 | 1,077 |
| Interest | 1,951 | 1,913 | 1,960 | 1,957 | 2,010 | 2,049 | 2,186 | 2,191 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -192 | 76 | 261 | 229 | 273 | 277 | 324 | 630 |
| Tax rate | −117.0% | 10.0% | 23.0% | 22.0% | 22.0% | 17.0% | 22.0% | 23.0% |
| Net profit | 33 | 69 | 200 | 179 | 214 | 230 | 254 | 482 |
| EPS (₹ per share) | 0.54 | 1.13 | 3.29 | 2.91 | 3.47 | 3.72 | 1.64 | 3.10 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 9,515 | 12,393 | 14,039 | 14,335 |
| Expenses | 6,145 | 7,805 | 9,602 | 9,442 |
| Other income | 2,489 | 3,051 | 3,805 | 4,121 |
| Interest | 4,678 | 6,352 | 7,576 | 7,976 |
| Depreciation | 0 | 0 | 0 | 0 |
| Profit before tax | 1,180 | 1,289 | 669 | 1,040 |
| Net profit | 883 | 1,199 | 697 | 823 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 | Sept 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 600 | 605 | 608 | 613 | 618 | 1,552 |
| Reserves | 12,977 | 14,191 | 14,999 | 15,247 | 15,987 | 41,596 |
| Borrowings | 13,331 | 14,184 | 13,734 | — | 16,794 | 13,369 |
| Deposits | 84,887 | 1,03,494 | 1,10,944 | — | 1,39,018 | 1,56,272 |
| Other liabilities | 4,082 | 5,958 | 6,441 | 6,236 | 8,268 | 9,555 |
| Total liabilities | 1,15,876 | 1,38,432 | 1,46,725 | 1,53,988 | 1,80,685 | 2,22,344 |
| Fixed assets | 529 | 525 | 570 | 544 | 545 | 539 |
| Capital work in progress | 45 | 7 | 7 | 0 | 21 | 0 |
| Investments | 28,875 | 29,576 | 32,165 | 28,814 | 32,078 | 42,928 |
| Other assets | 86,427 | 1,08,324 | 1,13,984 | 1,24,630 | 1,48,041 | 1,78,877 |
| Total assets | 1,15,876 | 1,38,432 | 1,46,725 | 1,53,988 | 1,80,685 | 2,22,344 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 7,597 | 6,449 | -11,044 | 4,935 | -846 | 7,577 |
| Cash from investing | -157 | -246 | -223 | -172 | -258 | -189 |
| Cash from financing | -4,207 | -114 | 2,239 | 842 | -503 | 3,159 |
| Net cash flow | 3,233 | 6,090 | -9,028 | 5,605 | -1,608 | 10,547 |
| Free cash flow | 7,440 | 6,203 | -11,267 | 4,763 | -1,109 | 7,354 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Return on equity | 4.0% | −1.0% | 7.0% | 8.0% | 5.0% | 5.0% |
| Dividend payout | 0.0% | 0.0% | 10.0% | 8.0% | 9.0% | 8.0% |
The businesses behind the company’s reported revenue.
Retail Banking contributes 46.0% of reported segment revenue.
Quarter ended 30 Jun 2026 · Consolidated
₹4,199.79 crore
₹2,708.90 crore
₹2,175.26 crore
₹54.89 crore
₹0.00 crore
| Business segment | Revenue · ₹ crore | Share |
|---|---|---|
| Retail Banking | 4,199.79 | 46.0% |
| Treasury | 2,708.90 | 29.6% |
| Corporate / Wholesale Banking | 2,175.26 | 23.8% |
| Other Banking Operations | 54.89 | 0.6% |
| Capital and Reserves | 0.00 | 0.0% |
Share = segment revenue ÷ total segment revenue, before intersegment adjustments.
Intersegment transactions are between the company’s own businesses. Net segment revenue can differ from income-statement revenue because reporting definitions differ.
Source: FinEdge · Last checked 19 Sept 2026. Reported segment names are kept as supplied.
Corporate / Wholesale Banking grew from 20% to 24% of revenue over the last two years.
| Segment | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Retail Banking | 49% | 49% | 49% | 47% | 49% | 49% | 47% | 46% | +6.7% |
| Treasury | 30% | 31% | 29% | 32% | 28% | 29% | 29% | 30% | +2.8% |
| Corporate / Wholesale Banking | 20% | 20% | 21% | 21% | 22% | 22% | 23% | 24% | +25.4% |
| Other Banking Operations | 1% | 1% | 1% | 1% | 1% | 1% | 1% | 1% | +13.6% |
| Capital and Reserves | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Share of reported segment revenue by quarter, consolidated basis, as filed. A quarter the company did not report is left blank, never carried forward.
See how segments are shifting across companies → Segment Shift
Ownership
Promoters hold 59.88% as of Sept 2026; institutions added 1.52 pts since Jun 2026.
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
The same filing shows 1 holder trimming and 5 off the list — both are in the register beside this.
Named in the Sep 2026 filing
Every holder of RBL Bank above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 59.88% | −0.12 pp | |
| Mutual fund | 2.72% | +0.08 pp |
| Mutual fund | 1.50% | newly disclosed |
| Mutual fund | 1.46% | newly disclosed |
| Mutual fund | 1.37% | newly disclosed |
| Global fund house | 1.21% | unchanged |
| Mutual fund | 1.21% | newly disclosed |
| 1.08% | newly disclosed | |
| 0.59% | newly disclosed | |
| Mutual fund | — | off the list |
| Mutual fund | — | off the list |
| Mutual fund | — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Filings to Sep 2026
0 new, 3 added, 8 trimmed, 0 sold out — net −26.00 L shares (−7.6%).
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| Nippon India Growth Mid Cap Fund Nippon India Mutual Fund | ₹363 Cr | held | Jul '26 |
| Nippon India Small Cap Fund Nippon India Mutual Fund | ₹360 Cr | held | Oct '22 |
| SBI Flexicap Fund SBI Mutual Fund | ₹244 Cr | held | Apr '26 |
| Nippon India Multi Asset Allocation Fund Nippon India Mutual Fund | ₹68 Cr | held | Apr '25 |
| SBI Arbitrage Fund (Erstwhile known as SBI Arbitrage Opportunities Fund) SBI Mutual Fund | ₹66 Cr | −13.53 L | Jan '25 |
| Nippon India Nifty Smallcap 250 Index Fund Nippon India Mutual Fund | ₹39 Cr | −0.28 L | Mar '22 |
| HDFC Dividend Yield Fund HDFC Mutual Fund | ₹32 Cr | −1.00 L | Oct '24 |
| SBI Nifty Private Bank ETF SBI Mutual Fund | ₹24 Cr | +1.84 L | Aug '21 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Sep 2026
3 added, 8 trimmed — net −26.00 L shares (−7.6%)
Shares held by these funds +20%
Oct '23 3.14 cr shares Sep '26
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