RBLBANK

Adds details from paragraph 3 onwards

By Ashwin Manikandan and Nishit Navin

April 2 (Reuters) - India's central bank has approved Emirates NBD Bank's proposal to acquire a majority stake in RBL Bank RATB.NS, the Mumbai-based lender said on Thursday, giving a key regulatory clearance for one of the largest cross-border deals in India's financial sector.

The Reserve Bank of India approved Emirates NBD to acquire up to 74% of RBL Bank's share capital, requiring it to maintain at least 51% ownership. RBI capped Emirates NBD's voting rights at 26% of RBL Bank's total voting rights.

In October last year, Emirates NBD announced plans to buy a 60% stake in the Indian lender for $3 billion.

The bank will invest 268.53 billion Indian rupees ($3.05 billion) in the Indian lender through a preferential issue of shares and will have the right to nominate directors to the board, RBL Bank had said.

RBL Bank will be classified as a foreign bank subsidiary with Emirates NBD as its parent, the RBI said. It will be governed by norms for wholly owned foreign subsidiaries, but exempt from the requirement that at least half of attending board members be independent directors.

India's competition regulator cleared the deal in January. The RBI approval is valid for one year.

Dealmaking in India's financial services sector has gained momentum over the past year. The approval comes as Gulf-based businesses face disruptions due to the ongoing war in the region.

As of December 2025, RBL Bank had assets of 1.57 trillion rupees ($17.08 billion) and deposits worth 1.19 trillion rupees ($12.95 billion), according to an investor presentation for the quarter ended December.

(Reporting by Ashwin Manikandan and Nishit Navin; Editing by Tasim Zahid)

((Ashwin.Manikandan@thomsonreuters.com;))

March 25 (Reuters) - RBL Bank Ltd RATB.NS:

• RBL BANK LTD - CENTRAL BANK OF UNITED ARAB EMIRATES APPROVES NBD BANK ACQUISITION OF A MAJORITY STAKE IN BANK

Source text: ID:nBSEc11Myn

Further company coverage: RATB.NS

((Reuters.Briefs@thomsonreuters.com;))

March 24 (Reuters) - RBL Bank Ltd RATB.NS:

• GST DEMAND OF 920 MILLION RUPEES FOR FY2019-20 WITHDRAWN BY STATE TAX AUTHORITIES

Source text: ID:nBSEDRgYr

Further company coverage: RATB.NS

((Reutersbriefs@thomsonreuters.com;))

Recasts throughout, changes sourcing

March 13 (Reuters) - India will shelve the bids it received for a majority stake sale in IDBI Bank IDBI.NS, as the offers received were below the government's minimum price expectation, a government source told Reuters.

The Indian government and state-owned Life Insurance Corporation of India LIFI.NS had initiated the process to sell 60.7% of the lender in 2022.

India's government owns 45.48% of IDBI Bank, while LIC holds 49.24%.

The existing sale process would be scrapped as the bids received were below the so-called reserve price, or the minimum sale price, set for the sale, the source said.

Bloomberg News reported the development first.

The government may initiate a fresh process when the market appetite improves and there is strong interest among buyers, the source added.

IDBI Bank and India's finance ministry didn't immediately respond to a Reuters request for comment outside regular business hours.

Reuters had reported that the planned sale of IDBI Bank had attracted bids from Canadian investment group Fairfax Financial FFH.TO and Emirates NBD ENBD.DU.

Tepid interest in acquiring the lender controlled by LIC contrasts with strong foreign investor appetite underscored by Dubai-based Emirates NBD's ENBD.DU $3 billion purchase of a 60% stake in RBL Bank RATB.NS and Sumitomo Mitsui Banking Corp's acquisition of a 24% stake in Yes Bank YESB.NS.

(Reporting by Nikunj Ohri and Anna Peverieri; Editing by Louise Heavens)

((Anna.Peverieri@thomsonreuters.com;))

The author is a Reuters Breakingviews columnist. The opinions expressed are her own.

By Shritama Bose

MUMBAI, March 9 (Reuters Breakingviews) - A dealmaking boom in India's banking sector has an unlikely loser: the government. Canadian insurance holding firm Fairfax Financial FFH.TO leads the race to buy a 61% stake from Indian state entities in $13 billion IDBI Bank IDBI.NS, Bloomberg reported in February, citing sources. An $8 billion transaction would be the largest-ever foreign direct investment in a local bank. But crystallising a premium valuation looks challenging.

A deal would complete a full circle for the lender hardest hit by an asset quality crisis: in 2018, bad loans comprised nearly one-third of its portfolio. Provisions for that sour pool eroded its capital base and prompted New Delhi, which then owned 86% of IDBI, to press state-backed Life Insurance Corporation LIFI.NS to pump in 216 billion rupees, or $2.4 billion at current rates, to raise its 8% stake to 51% in 2019.

LIC now holds 49% of IDBI's shares and the government owns 45%. Selling a 30% stake to Fairfax at the latest market price would fetch the insurer a 136% return on its 2019 investment. New Delhi would be worse off, though: the lender's shares trade lower than they did 13 years ago.

Yet even current multiples may be difficult to fetch. IDBI's shares are trading at about 2 times forward book value, almost twice that of similar-sized rivals Yes Bank YESB.NS and IDFC First Bank IDFB.NS. Throwing in employee liabilities, restructuring costs and the likely absence of indemnity clauses gives the buyer a strong case for a discount.

An abundance of takeover targets has hurt New Delhi, too. Launched in 2022, the slow-moving sale process of IDBI prompted early potential bidders to look elsewhere: last year Sumitomo Mitsui Banking Corporation 8316.T bought a 24% stake in Yes Bank.

With Emirates NBD ENBD.DU still in the reckoning with Fairfax, it's a two-horse race to own IDBI. Both bidders already have a foothold in India's credit market: the Dubai-headquartered lender is set to take control of the $2 billion RBL Bank RATB.NS and Fairfax owns $675 million CSB Bank CSBB.NS.

That chips away at any shred of bargaining power left with the sellers, who can hardly demand a control premium. Regulations cap voting rights of private bank shareholders at 26%. That puts the new owner effectively at par on voting decisions with LIC and the government, which will hold a combined 34% after the sale. To maximise takings, officials could ask the central bank to relax the voting rule. The other option is to reduce their total stake to well below 26%.

Otherwise, New Delhi risks catching the weak end of India's banking M&A wave.

Follow Shritama Bose on LinkedIn and X.

CONTEXT NEWS

Fairfax Financial Holdings is the frontrunner to buy a majority stake in IDBI Bank, Bloomberg reported on February 27, citing unnamed people familiar with the matter.

Valuing the 61% stake that the government and the Life Insurance Corporation of India hold in IDBI at the current market price of about $8 billion could make it the biggest foreign direct investment in the country's banking sector, the report added.

(Editing by Antony Currie; Production by Ujjaini Dutta)

((For previous columns by the author, Reuters customers can click on BOSE/shritama.bose@thomsonreuters.com))

Feb 25 (Reuters) - RBL Bank Ltd RATB.NS:

• RBI APPROVES SBI MUTUAL FUND TO ACQUIRE UP TO 9.99% STAKE IN BANK WITHIN ONE YEAR

Source text: [ID:]

Further company coverage: RATB.NS

((Reuters.Briefs@thomsonreuters.com;;))

Feb 23 (Reuters) - RBL Bank Ltd RATB.NS:

• RBI APPROVES RE-APPOINTMENT OF CHANDAN SINHA AS NON-EXECUTIVE (PART-TIME) CHAIRMAN

Source text: ID:nBSE842y4j

Further company coverage: RATB.NS

((Reuters.Briefs@thomsonreuters.com;;))

Adds details from paragraph 2-9

By Nikunj Ohri

NEW DELHI, Feb 2 (Reuters) - The Indian government is holding inter-ministerial consultations to raise the limit on foreign direct investment in state-run banks to 49% from 20%, India's financial services secretary M Nagaraju told reporters on Monday.

Foreign interest in India's banking industry is on the rise as evidenced for instance by Dubai-based Emirates NBD's ENBD.DU $3 billion purchase of a 60% stake in private RBL Bank RATB.NS.

Currently, India allows 74% foreign investment in private banks but limits shareholdings of any single foreign institution to 15% unless the Reserve Bank of India grants an exemption.

The Asian nation plans to more than double current limits of direct foreign investment in state-run banks, Nagaraju said. Raising the foreign ownership limit will help them gain more capital in the coming years, Reuters reported last year.

Separately, India's state-run banks will launch qualified institutional placement (QIP) of shares worth about 500 billion rupees ($5.46 billion) in the fiscal 2026-27 year (April-March), more than the planned 450 billion rupees in the current fiscal year, Nagaraju said.

He was speaking to reporters in New Delhi a day after Finance Minister Nirmala Sitharaman presented the nation's annual budget .

New Delhi may also launch an offer next year to sell a portion of its stake in the insurance behemoth Life Insurance Corporation LIFI.NS, he added.

The Indian government will also get financial bids for IDBI Bank IDBI.NS this month, Nagaraju said.

The government, which owns 45.48% in IDBI Bank, and state-owned LIC which holds 49.24%, together plan to sell 60.7% of the lender. IDBI Bank had to be rescued by the state-owned insurer in 2019 after a surge in bad loans at the lender.

($1 = 91.6350 Indian rupees)

(Reporting by Nikunj Ohri; Writing by Tanvi Mehta; Editing by Sonali Paul and Raju Gopalakrishnan)

((tanvi.mehta@thomsonreuters.com;))

Jan 21 (Reuters) - Major stock markets in the Gulf were subdued in early trade on Wednesday, tracking softer Asian equities as worries over global trade and geopolitical tensions dampened investor sentiment.

Asian shares fell for a third straight session as tensions rose over U.S. President Donald Trump's threats to acquire Greenland and revive a trade dispute with the European Union.

The MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS fell 0.5%.

Saudi Arabia's benchmark index .TASI fluctuated in a narrow band around its previous close.

Meanwhile, oil prices - a catalyst for the Gulf's financial markets - slipped as expectations of a rise in U.S. crude stockpiles overshadowed a brief production stoppage at two major Kazakh oilfields and fresh geopolitical jitters tied to U.S. tariff threats amid its push to take control of Greenland.

Dubai's main share index .DFMGI edged 0.1% higher, helped by a 1.3% rise in top lender Emirates NBD (ENBD) ENBD.DU. India's competition regulator said on Tuesday it had cleared ENBD's acquisition of a stake in RBL Bank RATB.NS.

In Abu Dhabi, the index .FTFADGI traded flat.

Separately, Abu Dhabi sovereign wealth fund Mubadala is targeting opportunities in artificial intelligence and robotics, viewing the sectors as a major source of industrial growth and a guide for future investments, its group CEO said on Tuesday.

The Qatari index .QSI added 0.2%, with telecoms firm Ooredoo ORDS.QA rising 2.5%.

Qatari Prime Minister Sheikh Mohammed bin Abdulrahman al-Thani said on Tuesday that Qatar intends to support local firms in competing internationally, indicating fresh measures in the country's drive to diversify its economy beyond energy.

(Reporting by Ateeq Shariff in Bengaluru; Editing by Ronojoy Mazumdar)

((AteeqUr.Shariff@thomsonreuters.com; +918061822788))

Jan 20 (Reuters) - India's competition regulator on Tuesday said it approved the acquisition of shares in RBL Bank RATB.NS by Dubai's Emirates NBD Bank ENBD.DU.

In October, Emirates NBD announced a plan to buy 60% stake in the Indian lender for $3 billion.

(Reporting by Nishit Navin)

((Nishit.Navin@thomsonreuters.com;))

** Nifty 50 .NSEI and Sensex .BSESN fall 0.7% each, as heavyweights Reliance and ICICI Bank drop on Q3 profit miss

** 13 of 16 major sectors decline; small-caps .NIFSMCP100 and mid-caps .NIFMDCP100 fall 0.7% and 0.4%, respectively

** Reliance RELI.NS sheds 3.3%; Q3 profit view missed on retail slowdown

** ICICI Bank ICBK.NS slips 3%; RBI-led provisions on agri loans and new labour law hurt Q3

** RBL Bank RATB.NS dips 7.3% after reporting lower-than-expected December quarter profit

** Wipro WIPR.NS falls 7% on dour earnings outlook for ongoing Q4 after posting tepid Q3 results

** IT firm Tech Mahindra TEML.NS gains 3.2% after robust Q3, aided by growth in communications and manufacturing segments

** Bharat Coking Coal BARC.NS, country's top coking coal miner, lists at 96% premium

** Sentiment hit after Trump vows to impose new tariffs on 8 EU members unless Washington is allowed to buy Greenland

(Reporting by Bharath Rajeswaran in Bengaluru)

((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))

MUMBAI, Jan 17 (Reuters) - Indian private lender RBL Bank RATB.NS reported a lower-than-expected profit for the three months ended December on Saturday, in its first quarterly earnings since Dubai's Emirates NBD bought a majority 60% stake in the bank.

RBL Bank posted a standalone net profit of 2.14 billion Indian rupees ($23.60 million) for the quarter ended December, compared with 326 million rupees a year earlier.

Analysts had expected a profit of 2.94 billion rupees, according to data compiled by LSEG based on estimates of four analysts.

Profits rose as the bank cut provisions for bad loans and other contingencies by 46%.

The private lender's net interest income rose 5% to 16.57 billion rupees for the third quarter, as loans registered strong 14% growth, helped by a robust increase in lending in its retail book.

The bank's deposit base grew 12% during the quarter.

In October, Emirates NBD ENBD.DU agreed to buy a 60% stake in RBL Bank for $3 billion, in one of the largest ever cross-border acquisitions involving India's financial sector.

The transaction was among a series of cross-border deals in India last year, coming months after Japan's Sumitomo Mitsui Banking Corporation's move to buy up to 25% of Yes Bank.

The lender said it has reduced growth across its unsecured loan book, considered as riskier while stepping up growth in mortgages and auto loans, the bank's chief executive officer R. Subramaniakumar said at a press briefing after the earnings.

The bank will also focus on lending to small businesses and on providing services to non-resident Indians as it integrates with the network of Emirates NBD, he said.

RBL Bank's asset quality improved with the gross non-performing asset ratio at 1.88% at the end of December, compared with 2.32% at the end of September.

($1 = 90.6820 Indian rupees)

(Reporting by Ashwin Manikandan and Ira Dugal in Mumbai; Editing by Ronojoy Mazumdar and Jacqueline Wong)

((Ashwin.Manikandan@thomsonreuters.com;))

Dec 31 (Reuters) - RBL Bank RATB.NS:

• REQUEST TO REGULATOR, GOVERNMENT TO TEMPORARILY CAP FOREIGN SHAREHOLDING AT 24% NOT ACCEDED TO

• AS PER LATEST SHAREHOLDING PATTERN, EMIRATES NBD HAS SUFFICIENT FOREIGN SHAREHOLDING HEADROOM TO HOLD A MINIMUM OF 51% IN THE BANK

• BANK, EMIRATES NBD CONTINUE TO ENGAGE WITH GOVERNMENT, RBI FOR OTHER REQUISITE REGULATORY APPROVALS

Source text: ID:nNSE6HDGsb

Further company coverage: RATB.NSENBD.DU

((Reutersbriefs@thomsonreuters.com;))

Dec 30 (Reuters) - RBL Bank Ltd RATB.NS:

• DEEPAK RUIYA APPOINTED AS INTERIM CFO EFFECTIVE DECEMBER 30, 2025

Source text: ID:nBSE2dpTMp

Further company coverage: RATB.NS

((Reuters.Briefs@thomsonreuters.com;;))

Adds details and background throughout

Nov 6 (Reuters) - India's Mahindra & Mahindra MAHM.NS sold its entire 3.5% stake in RBL Bank RATB.NS for 6.78 billion rupees ($77.1 million), the automaker said on Thursday, marking a 62.5% return on its 2023 investment.

At the time of the acquisition, CEO Anish Shah said the move was aimed at gaining deeper insights into the banking sector over a seven- to 10-year period and would be maintained unless a strategic opportunity emerged.

Analysts had questioned the rationale behind the investment, given Mahindra's core focus on automobiles. The company later said it had no intention to increase its holding in the lender.

Shares of the automaker rose 1.5% in early trade on Thursday, while RBL inched 1% higher.

The exit comes weeks after Dubai’s Emirates NBD ENBD.DU announced plans to acquire a 60% stake in RBL Bank for $3 billion, in what would be the largest cross-border deal in India’s financial sector.

($1 = 87.8950 Indian rupees)

(Reporting by Urvi Dugar and Kashish Tandon in Bengaluru; Editing by Rashmi Aich and Sonia Cheema)

((UrviManoj.Dugar@thomsonreuters.com; +91 9558725583;))

Rewrites, adds details throughout

Oct 24 (Reuters) - Blackstone will invest about $705 million in India's Federal Bank FED.NS for a 9.9% stake, the private lender said on Friday, adding to the growing list of large deals by marquee investors.

The deal will make the private equity firm the largest shareholder in the bank.

Dealmaking in Indian private banking space has picked up pace this year. Last week, Dubai-based bank Emirates NBD purchased a 60% stake in RBL Bank RATB.NS for $3 billion. Japan’s Sumitomo Mitsui Banking Corporation SMBC bought a 20% stake in Yes Bank YESB.NS in May and then an additional 4.2% in September.

Blackstone will invest in Federal Bank through a Singapore-based affiliate that has entered a share-purchase agreement with the bank, which includes the right to nominate a non-executive director to its board.

The deal will be executed through preferential equity shares and warrants, and is subject to approval from shareholders and the banking and competition regulators.

Federal Bank's shareholders will meet in a so-called extraordinary general meeting on November 19 to approve the preferential share issue and board seat.

Shares of lender rose 1.15% to 229.00 rupees in Mumbai.

The bank, which has a loan book of 2.44 trillion rupees, posted a 9.6% decline in its net profit to 9.55 billion rupees for the September quarter due to a decline in treasury income and a rise in funds kept aside for bad loans.

($1 = 87.8950 Indian rupees)

(Reporting by Ashwin Manikandan and Manvi Pant; Editing by Janane Venkatraman and Mrigank Dhaniwala)

((Manvi.Pant@thomsonreuters.com; +918447554364;))

Oct 1 (Reuters) - RBL Bank Ltd RATB.NS:

• RBL BANK LTD - GETS GST DEMAND OF 920 MILLION RUPEES

Source text: ID:nBSE5YyDj4

Further company coverage: RATB.NS

(Reuters.Briefs@thomsonreuters.com)

** Shares of RBL Bank RATB.NS rise as much as 2.5% to 277 rupees; last up about 2%

** Citi says bank's lending margins, which bottomed out in June, set to improve this quarter

** Notes loan growth picking up via secured retail, commercial lending; microfinance disbursements now exceed repayments

** Fee income gaining momentum; cost-control benefits expected from H2 FY26

** Citi reiterates "buy", PT 300 rupees

** Ends 90-day "positive catalyst" watch during which RBL outperformed Nifty Bank .NSEBANK by 16%

** Projects 4% QoQ, 11% YoY loan growth

** RBL up 71% YTD vs NSEBANK's 9%

(Reporting by Bharath Rajeswaran in Bengaluru)

((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))

** Shares of RBL Bank RATB.NS gain 4.3% to 261.65 rupees; set for best day since early-July

** Societe Generale SOGN.PA net bought 3.3 million RATB shares for 250.57 rupees apiece via bulk deal, exchange data showed

** About 28.2 million shares traded, 2.3x the 30-day avg

** Stock still down 1.9% so far in August, set to snap five straight months of gains

(Reporting by Manvi Pant in Bengaluru)

((Manvi.Pant@thomsonreuters.com; +918447554364;))

Aug 12 (Reuters) - RBL Bank Ltd RATB.NS:

• PARTNERS WITH CAMS TO PROVIDE MERCHANT ACQUIRING SETTLEMENT SERVICE

• PARTNERSHIP WILL ENABLE REAL-TIME SETTLEMENTS AND SECURE CARD PROCESSING

Source text: ID:nBSE8V96ms

Further company coverage: RATB.NS

((Reuters.Briefs@thomsonreuters.com;;))

** RBL Bank RATB.NS falls 2.1% to 257.69 rupees; among top pct losers on Nifty 500 index .NIFTY500, which is down 0.24%

** Private lender reports 46% y/y decline in Q1 net profit; net interest income drops 13%

** Net interest income is the difference between interest earned and paid

** Stock rated "buy" on avg; median PT is 220 rupees, per data compiled by LSEG

** YTD, RATB gains 63%

(Reporting by Manvi Pant in Bengaluru)

((Manvi.Pant@thomsonreuters.com; +918447554364;))

July 2 (Reuters) - Emirates NBD Bank PJSC ENBD.DU:

• RBL BANK ON REPORT OF EMIRATES NBD EYEING STAKE, SAYS ROUTINELY EVALUATE VARIOUS OPPORTUNITIES

Source text: ID:nBSEbngKH4

Further company coverage: ENBD.DU

((Reuters.Briefs@thomsonreuters.com;;))

** RBL Bank RATB.NS stock climbs 3.7% to 248.27 rupees, nears one-year high

** Citi starts 90-day catalyst watch on lender's stock and hikes PT to 285 rupees from 230 rupees, implying 15.4% upside to RATB's current price

** Says return on assets to improve 45-50 bps driven by credit cost normalisation

** Adds, slippage to moderate to 4.5% in Q1 from 4.7% in Q4 with stress in credit cards vertical to also subside

** Avg rating on RATB at "buy"; median PT is 220 rupees - data compiled by LSEG

** Stock extends YTD gains to nearly 57%

(Reporting by Kashish Tandon in Bengaluru)

((Kashish.tandon@thomsonreuters.com))

** India's RBL Bank RATB.NS jumps 9.5% to hit six-month high of 206.89 rupees; on course for biggest daily pct gains since October 2022

** At least three brokerage firms upgrade rating on RATB, nine hike PT after Q4 earnings on Friday, as per LSEG data

** Lender posts 10% growth in net advances in Q4, net interest margin at 4.89%

** Investec upgrades to "buy" from "hold", while ICICI Securities ups rating to "add" from "hold"

** Credit costs and return on assets (RoA) improving, says ICICI Securities

** Adds 1% RoA by end of FY26 can drive stock re-rating

** "Business growth is gaining traction and slippages are expected to normalize by 2QFY26," says Motilal Oswal Financial Services, as it upgrades stock to "buy" from "neutral"

** YTD, RATB up 30.9% vs 11.3% gains in Nifty Private Bank .NIFPVTBNK index

(Reporting by Vivek Kumar M)

((VivekKumar.M@thomsonreuters.com;))

** India's financial services index .NIFTYFIN rose 0.2% on Friday, bucking the broader market decline

** The Nifty 50 .NSEI has slipped 2% in two sessions since U.S. President Donald Trump announced reciprocal tariffs on India and others

** Financials held steady, supported by strong pre-quarterly updates from HDFC Bank HDBK.NS, Bajaj Finance BJFN.NS, Bank of Baroda BOB.NS, and RBL Bank RATB.NS

** "Strong business updates have supported financials even as broader sentiment remains weak," says Aishvarya Dadheech, CIO of Fident Asset Management

** Analysts believe U.S.-linked growth fears may push the RBI to accelerate rate cuts, which could lower banks' funding costs despite margin pressure

** Financial stocks are also benefiting from cheaper valuations, attracting investor interest, Dadheech adds

** The financial services index is up 5.3% in 2025, outperforming the Nifty 50’s 3.3% drop

(Reporting by Bharath Rajeswaran in Bengaluru)

((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))

April 3 (Reuters) - RBL Bank Ltd RATB.NS:

• RBL BANK LTD - GROSS ADVANCES AS ON MARCH 31 UP 11% Y/Y

• RBL BANK LTD - TOTAL DEPOSITS AS ON MARCH 31 UP 7% Y/Y

Source text: ID:nBSE1HszGM

Further company coverage: RATB.NS

((Reuters.Briefs@thomsonreuters.com;))

** Shares of IndusInd Bank INBK.NS down 0.5% at 681 rupees

** INBK shares down 27.5% this week on net worth hit due to discrepancies in derivative accounts and a smaller one-year extension to CEO; on course for worst week in five years

** Despite the drop, CLSA stock sees 31% upside in the next 12 months for the private lender

** While CLSA cut its price target to 900 rupees from 1,300 rupees, it maintained its "outperform" rating flagging possibility of some near-term positives

** Two fundamental positives in near term could be recovery in microfinance book and respite for margins on better liquidity and rate cuts - CLSA

** CLSA likens the one-year extension given to INBK's CEO earlier in the week to similar extension given to RBL Bank's RATB.NS MD four years ago

** INBK may also recover like RATB's shares did, if it meets the Street expectations on earnings in the next four-six quarters, says CLSA

** INBK stock down 29% YTD vs 5.5% drop in Nifty Bank index.NSEBANK

(Reporting by Nishit Navin)

((nishit.navin@thomsonreuters.com;))

** Shares of RBL Bank RATB.NS fall 2.1% to 152 rupees

** Shares on track for third straight day of losses, if trend sustains

** Indian tax authorities initiate search at lender's three offices in Maharashtra

** Stock trading below key 50-, 100-, 200- daily moving avgs

** Analysts' avg rating on stock is "hold" vs "buy" on peers AU Small Finance Bank AUFI.NS and Bandhan Bank BANH.NS; median PT on RATB is 170 rupees - data compiled by LSEG

** Stock down ~4% so far this year, continuing a 43% decline from 2024

(Reporting by Aleef Jahan in Bengaluru)

((aleefjahan.cs@thomsonreuters.com))

March 3 (Reuters) - One 97 Communications Ltd PAYT.NS:

• ONE 97 COMMUNICATIONS LTD - PAYTM PARTNERS WITH RBL BANK FOR DIGITAL PAYMENT ADOPTION

• ONE 97 COMMUNICATIONS - PAYTM TO PROVIDE SOUNDBOX, CARD MACHINES TO RBL BANK MERCHANTS

Source text: ID:nBSEb9jmdX

Further company coverage: PAYT.NS

((reuters.briefs@thomsonreuters.com;))

Feb 13 (Reuters) - RBL Bank Ltd RATB.NS:

• RBL BANK LTD - RBI APPROVAL FOR RE-APPOINTMENT OF R. SUBRAMANIAKUMAR AS MANAGING DIRECTOR & CEO

Source text: ID:nBSE56Bc

Further company coverage: RATB.NS

((Reuters.Briefs@thomsonreuters.com;;))