Rbl bank, Private banking company

Mumbai (Maharashtra) [India], Mar 17 : Private sector lender RBL Bank said on Tuesday it is financially strong, well-capitalised, profitable and a growing entity with a strong governance set-up."Market rumours around financial health and stability of the bank are totally misplaced, motivated and not based on facts," it said in a statement similar to the one issued a week ago.RBL Bank said it is well capitalised with a capital adequacy ratio of 16.08 per cent with tier one at 15.02 per cent, which is significantly higher than the prescribed regulatory requirement at 11.5 per cent and 9.5 per cent respectively."There has been no material adverse change in the asset quality since we announced our Q3 financial results on January 22 and our guidance remains consistent. This is after taking into consideration our exposures to the south-based client," it said.While there has been no material impact on retail deposits, there have been some withdrawals from institutional depositors and a couple of state government orgsations constituting about 3 per cent of its total deposits in the last one week.However, said RBL, the issue is being addressed by us on a one-on-one basis with state governments and also at the industry levels by Reserve Bank of India (RBI)."In spite of this, we remain highly liquid with significant retail deposits, institutional lines, refinance and surplus liquid assets. All our business segments are doing well, we continue to expand presence across newer geographies by adding branches and are also hiring more people than previously planned," it said.The management team of the Bank is fully committed to develop and grow the institution to the next level over the next several years. "RBL Bank is committed to all its stakeholders and we would urge all our stakeholders to not believe unsubstantiated information and mischievous rumours."At 12:15 pm, RBL's stock was trading 4.14 per cent higher at Rs 169.65.( With inputs from ANI )

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Narendra Modi

Lok Sabha Election 2024

Heatwave In India

Mumbai Mega Block

Maharashtra Lok Sabha Election

T20 World Cup 2024

Rbl BankFOLLOW

Rbl bank, Latest News

Aurangabad :Woman duped of Rs 50K online on pretext of activating credit card

Aurangabad, April 21: An online fraudster duped a woman of Rs 49,490 bluffing her of activating credit card. A ... ...

Business :RBL Bank and Mastercard partner to offer first-of-its-kind, payment functionality in India

RBL Bank and Mastercard today announced their partnership to launch a mobile-based consumer-friendly payment solution - the Pay by Bank App, a first-of-its-kind payment functionality in India. ...

Business :RBL Bank's Chatbot 'RBL Cares', now enables banking transactions

RBL Bank has now enabled additional banking transactions and added a host of new features to 'RBL Cares', its AI-powered conversational Chatbot that can provide real-time customer service assistance on a range of questions related to banking and cred ...

Business :RBL Bank clocks profit of Rs 114 crore in Q4

Private sector lender RBL Bank on Thursday reported a net profit of Rs 114 crore in the fourth quarter ended March (Q4 FY20) compared to Rs 70 crore in the previous quarter (October to December), marking a 64 per cent growth sequentially but 54 per c ...

Business :RBL Bank quells reports over financial health and stability, stock gains 4 pc

Private sector lender RBL Bank said on Tuesday it is financially strong, well-capitalised, profitable and a growing entity with a strong governance set-up. ...