RBL Bank Limited has reported a steady financial performance for the second quarter of FY 2024-25, marked by a notable 24% year-over-year increase in operating profit. The bank’s board approved the unaudited financial results on 19th October 2024, highlighting growth in key financial areas despite prevailing economic challenges. Financial Highlights: Operating Profit and Income Surge […]
The Board of Directors of RBL Bank Limited approved the unaudited financial results for the quarter ending June 30, 2024, in a meeting held on July 20, 2024. The results reveal robust growth across multiple financial metrics, highlighting the bank’s strong performance. RBL Bank’s operating profit increased by 33% year-on-year (YoY), reaching ₹859 crore. The […]
RBL Bank Limited has announced robust growth in its financial performance for the quarter and fiscal year ending March 31, 2024. The audited financial results were approved by the Board of Directors at a meeting held on April 27, 2024. This marked a significant year of achievements, with substantial increases in operating profit and net […]
RBL Bank, an Indian private sector bank, has revealed a strong Q2FY24 financial performance with a 46% YoY growth in net profit. Explore the key highlights here. RBL Bank’s Q2FY24 Key Financial Highlights: Net Profit: Rs 294 crore, up by 46% YoY & 2% QoQ. Operating Profit: Rs 731 crore, marking 43% YoY & 13% […]
RBL Bank said that its Board of Directors approved the unaudited financial results for the quarter ending June 30, 2023, in a meeting held on Saturday, July 22, 2023. The report showed a solid operating performance, with a net profit increase of 43% year-on-year (YOY) and 6% quarter-on-quarter (QOQ) to ₹288 crore. The bank’s operating […]
RBL Bank (formerly Ratnakar Bank) has appointed its existing executive director — Rajeev Ahuja as the interim managing director and CEO in the absence of Vishwavir Ahuja, who has been sanctioned medical leave. The appointment of Rajeev Ahuja in the new roles will be subject to regulatory and other approvals. RBL Bank also said that […]
Mumbai-based RBL Bank (formerly Ratnakar Bank) said that it has been given authorization from the Reserve Bank of India (RBI) for collecting indirect taxes on behalf of the Indian Central Board of Indirect Taxes and Customs (CBIC). The authorization to RBL Bank is based on the Controller General of Accounts’ recommendation. Recently, the private sector […]
RBL Bank, an Indian private sector bank, said that it has selected Amazon Web Services (AWS) as its preferred cloud provider to fast track its artificial intelligence (AI) efforts. Through the cloud services of AWS, the bank expects to bolster its AI‐powered banking solutions and bring in digital transformation. RBL Bank, which was formerly called […]
Indian private lender RBL Bank will use the Infosys Finacle digital banking solution suite to migrate from an on-premise deployment to a modern cloud native computing foundation (CNCF) certified, Kubernetes managed, containerized ecosystem. Infosys Finacle is a part of EdgeVerve Systems, which is a fully-owned subsidiary of Infosys. According to Infosys, the migration will enable […]
ICICI Prudential Life Insurance has forged a bancassurance partnership with Indian private lender RBL Bank (formerly Ratnakar Bank) to provide a range of life insurance products to the latter’s customers. The bancassurance deal will give more than 8.7 million customers of RBL Bank to access and buy customer-centric protection and long-term savings products of ICICI […]