Abhishek Securities

RBL Bank Ltd, formerly known as Ratnakar Bank, reported a 55% increase in profit for the March quarter on higher interest income. Profit rose to Rs130.13 crore in the three months to March from Rs84.18 crore a year ago. Net interest income, the difference between interest earned on loans and that paid on deposits, rose 47% from a year ago to Rs352.16 crore. Other income rose 66% to Rs236.55 crore. Net interest margin widened to 3.52% from 3.21% a year ago. Provisions more than doubled to Rs82.10 crore, compared to Rs36.17 crore in the preceding quarter. Gross non-performing assets (NPAs) as a ratio of gross advances as of the March quarter were at 1.20%, compared to 0.98% as of 31 December. Net NPA ratio at the end of the fourth quarter was 0.64%, slightly up from 0.59% in the third quarter. Capital adequacy ratio on 31 March stood at 13.72% against 12.94% a year ago. “There was one corporate account in engineering, procurement and construction (EPC) worth Rs65 crore in loa...

RBL Bank (formerly Ratnakar Bank) is opening its upcoming IPO on 19 August in what will be the 16 th  public offer this year in India. Shares of the private sector bank are proposed to be listed on NSE and BSE on 31 August. RBL Bank IPO has been priced in the range of  INR224-225 per share  and investors can make applications in multiples of 65 shares. Here are 10 important aspects of this IPO: History  – RBL Bank was set up in 1943 as Ratnakar Bank – a regional banking firm with focus on Maharashtra. The bank persisted with its regional focus strategy till 2009. Renamed in December 2013 to RBL Bank. Transformation  – In 2010, the bank embarked on a major transformation with new owners and management at helm. RBL Bank acquired the business banking, credit card and mortgage portfolio businesses of Royal Bank of Scotland (RBS) in India during in FY2014. The bank is extending its reach in rural and semi-urban India and unbanked parts of urban and metro India....

RBL Bank, the Kolhapur-based private sector lender, will be entering the primary market with its initial public offering (IPO) on Aug.19, 2016. The bank plans to raise about Rs. 1,200 crore during the five-day offer period, as is evident from details now available. The bank had filed the draft prospectus with the regulator on June 23, 2015. Kolhapur-based RBL Bank had raised Rs. 488 crore in pre-IPO preferential placement of shares last December at Rs. 195 per share. The bank was incorporated in 1943 as Ratnakar Bank. The exercise was in accordance with its IPO document filed with the Securities and Exchange Board of India (Sebi) in June 2015 and the shares were placed with international investors, including the Asian Development Bank (ADB) and CDC Group Plc.  Here are the details of RBL Bank IPO: Price band: Rs. 224-225 per share Issue opens on Aug. 19 and closes on Aug. 23 Bid lot: 65 equity shares or multiples thereof Overall issue size: 5,3...