RBL Bank

By Dharamraj Dhutia

MUMBAI, Sept 10 (Reuters) - India's RBL Bank RATB.NS has accepted bids worth $350 million at its maiden U.S. dollar-denominated bond issue, three bankers said on Thursday.

Here are a few details:

• The private lender is majority owned by Dubai-based Emirates NBD ENBD.DU

• The bonds have been issued at a coupon that was 30 basis points lower than the initial price guidance of U.S. Treasuries plus a spread of 150 basis points, the bankers said

• The coupon has been set at 5.7910%, payable on a semi-annual basis

• The issue, which saw bids worth $2.2 billion, will be settled on September 16

• RBL Bank sold the bonds under its $1 billion medium-term note programme

• The notes will be issued through its GIFT City branch and will be rated "Baa2" by Moody's and "BBB-plus" by CareEdge

• Indian banks have raised $12.5 billion through dollar bonds since June, when the central bank announced a discounted swap window
  

(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)

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RBL Bank approved the terms of a US$350 million issue of five-year senior unsecured notes, carrying a fixed 5.791% coupon and maturing on 16 September 2031. The notes were expected to receive Baa2 stable and BBB+ stable ratings from Moody’s and CareEdge Global, and were to be listed on India International Exchange IFSC and NSE IFSC. Net proceeds were intended for the bank’s GIFT City International Banking Unit, its expansion and general corporate purposes. The tranche was the first specified issuance under a US$1 billion EMTN programme established on 7 September. RBL Bank had raised about US$3.4 billion through an RBI swap-linked FCNR arrangement by the end of August, with about US$1.1 billion lent through its international banking unit. Its deposit base was about ₹1.25 lakh crore at the end of June, while CASA deposits accounted for 29.2%.

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RBL Bank received a (P)Baa2 long-term foreign-currency senior unsecured programme rating from Moody's for a newly established USD1 billion Medium Term Note programme. Moody's also assigned Baa2/P-2 counterparty risk ratings to the bank's International Financial Service Centre Banking Unit, with a stable outlook. The programme rating matched RBL Bank's existing Baa2 issuer rating and reflected expected support from Emirates NBD, which acquired a 60% stake in June. RBL Bank reported total assets of ₹1.9 trillion at June 30, while its FCNR funding had reached about $3.4 billion by August 31.

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RBL Bank established a US$1 billion Euro Medium Term Note programme for potential debt issuance. It submitted the programme’s offering circular to India International Exchange (IFSC) Ltd and made it available on its website. The bank had recently raised about US$3.4 billion through an RBI swap-linked FCNR structure, with US$1.18 billion lent through its international banking unit. For FY26, it reported total income of about ₹18,464 crore, while deposits stood at roughly ₹1.25 lakh crore at June 2026.

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RBL Bank’s board approved a Euro Medium Term Note programme that would allow the bank to issue up to $1 billion of foreign-currency bonds, notes or other debt securities. The securities would be issued from time to time, subject to market conditions, regulatory compliance and required approvals, and would not be offered or sold to investors in India. The bank had raised about $3.4 billion through an RBI swap-linked FCNR programme by August 31, of which about $1.18 billion had been lent through its international banking unit. RBL Bank reported total assets of about ₹1.85 lakh crore and deposits of ₹1.25 lakh crore in June 2026.

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Sept 7 (Reuters) - RBL Bank Ltd RATB.NS:

• TO ESTABLISH A EURO MEDIUM TERM NOTE PROGRAMME

• TO ENABLE ISSUANCE OF FOREIGN CURRENCY BONDS / NOTES UP TO USD ONE BILLION IN FUTURE THROUGH ONE OR MORE TRANSACTIONS

Further company coverage: RATB.NS

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RBL Bank mobilised about USD 3.40 billion, or ₹32,472 crore, in FCNR(B) deposits through August 31 under the Reserve Bank of India's swap facility. Its international banking unit provided about USD 1.08 billion, or ₹10,309 crore, in loans against those deposits, while Emirates NBD and its subsidiaries and affiliates supported mobilisation through the UAE-India corridor. The figures were provisional and unaudited, and the rupee conversions used the exchange rate prevailing on August 31. RBL Bank's deposits stood at ₹1,39,018 crore and funded advances at ₹1,14,232 crore at the end of FY26.

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Sept 2 (Reuters) - RBL Bank Ltd RATB.NS:

• RBL BANK - DEPOSIT MOBILISATION BY RBL BANK IS USD 3.40 BILLION UNDER RBI'S SWAP WINDOW

• RBL BANK - LOANS PROVIDED BY INTERNATIONAL BANKING UNIT OF BANK AGAINST FCNBR DEPOSITS ARE $1.08 BILLION

Source text: [ID:]

Further company coverage: RATB.NS

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Aug 28 (Reuters) - RBL Bank Ltd RATB.NS:

• RBL BANK - GETS SHOW CAUSE NOTICE FOR TAX DEMAND OF 1.04 BILLION RUPEES

Further company coverage: RATB.NS

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By Dharamraj Dhutia and Khushi Malhotra

MUMBAI, Aug 25 (Reuters) - India's Yes Bank YESB.NS has withdrawn a plan to raise U.S. dollar debt after investors demanded higher yields amid a wave of supply from Indian lenders, three merchant bankers said on Tuesday.

Yes Bank, which is 24.9% owned by Japan's Sumitomo Mitsui Banking Corp, had planned to raise around $500 million through three-year dollar bonds, and had appointed bankers for the issue last week.

"After the central bank advanced the closure of the dollar deposit window, there has been a sudden rush, prompting investors to seek yields 30-40 basis points higher than normal," one of the bankers said.

The bankers requested anonymity as they are not authorised to speak to the media. Yes Bank did not reply to a Reuters email seeking clarification.

Banks have been scrambling to complete their dollar bond sales, with most of the proceeds expected to be used to provide leverage to customers who will deposit them under the Reserve Bank of India's discounted dollar deposit scheme. The window for hedging such deposits closes on August 31.

Market intelligence firm CreditSights had placed fair value for the proposed notes at a spread of 170-180 bps over U.S. Treasuries, implying a yield of about 6.0350%-6.1350%.

"From a fundamental perspective, related to Indian private sector banks, we see Axis Bank as the closest competitor and see fair value for YES Bank at a spread of 75 bps," it said in a note.

Investors were demanding yields at a spread of 200 bps above Treasuries, bankers added.

The lender had last tapped the dollar debt market in 2018, when it had raised $600 million through five-year securities, while it had written off perpetual bonds worth more than 84 billion rupees ($878.75 million) in the domestic market, denting investor confidence.

PEERS HIT PAUSE

Two other mid-sized private lenders, Federal Bank FED.NS and RBL Bank RATB.NS, have also shelved their planned dollar bond issuances, the bankers added.

Both lenders were considering a benchmark $500 million debt issue, they added.

"Banks do not have enough time for disclosures for the public route, and private placement has become very expensive, so it makes sense to hold borrowings for now," another banker said.

Neither lender replied to Reuters emails seeking comment.

($1 = 95.5900 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Eileen Soreng)

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By Dharamraj Dhutia and Khushi Malhotra

MUMBAI, Aug 17 (Reuters) - Indian lenders are rushing dollar loan and bond issues over the next two weeks after the central bank unexpectedly advanced the end date for an FX swap facility that banks were using for hedging exposure to deposits raised from diaspora.

As part of a raft of measures to boost inflows, lenders were permitted to use these overseas borrowings to offer loans to non-resident Indians. Banks' overseas fundraising had also been subsidised.

Now, with the Reserve Bank of India announcing the closure of the forex swap window for August 31, a month earlier than initially planned, Indian private and state-run banks are on track to raise at least $5 billion through a combination of bonds and loans, four bankers said.

"Some of the fund raising plans have been brought forward to utilize the last few days," Akshay Naik, India head of debt capital markets at Citi, said.

"We will have one of the busiest windows for the next 6-8 days from India. Few institutions who are not ready may need to drop their plan if it was solely meant for FCNR leverage."

Large private-sector lenders such as ICICI Bank ICBK.NS and HDFC Bank HDBK.NS are in talks to raise about $1.5 billion each via dollar bonds and loans, while peers including Axis Bank AXBK.NS, YES Bank YESB.NS, RBL Bank RATB.NS and Kotak Mahindra Bank KTKM.NS are planning to raise at least $500 million each through overseas debt markets, bankers said.

State-run lenders State Bank of India SBI.NS, Bank of Baroda BOB.NS, Punjab National Bank PNBK.NS, Canara Bank CNBK.NS, Union Bank of India UNBK.NS, Bank of India BOI.NS and Central Bank of India CBI.NS are targeting dollar raises of $250 million to $500 million each, with the larger banks likely to target bigger issues, the bankers said.

None of the lenders replied to Reuters emails seeking comment.

All the bankers declined to be named as the discussions are private.

BANKS ON TRACK FOR RECORD DOLLAR FUNDRAISING

Indian lenders have raised a combined $5.93 billion through dollar bond sales and loans so far this year, according to LSEG data through August 11.

The tally has climbed by another $1.2 billion, following debt sales by two large state-run lenders last week.

Over the last 15 years, banks' annual foreign borrowing topped $6 billion on three occasions, including in 2013, when the RBI had opened a swap window.

"Would expect $5-7 billion of additional bond and loan issuances for the remainder of year," Naik said.

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)

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Repeats for wider distribution

By Nishit Navin and Jayshree P Upadhyay

Aug 12 (Reuters) - Bank of America BAC.N will acquire as much as a 49.9% stake in the non-bank lending arm of Jio Financial Services JIOF.NS in a 182.68 billion rupee ($1.92 billion) deal, as the U.S. lender expands its presence in India's fast-growing financial sector.

The deal extends a recent run of large foreign investments in Indian banks and non-bank lenders, which are seeing a strong demand for credit and low loan delinquency rates.

Recent deals include Japan's MUFG 8306.T investment in Shriram Finance SHMF.NS, Dubai-based bank Emirates NBD's ENBD.DU 60% stake purchase in RBL Bank RATB.NS and Sumitomo Mitsui Financial Group's investment in Yes Bank YESB.NS.

Bank of America will become a joint venture partner in non-banking finance company Jio Credit through a preferential allotment of equity shares and warrants, the two companies said on Wednesday.

ACCESS TO A FAST-GROWING MARKET

The transaction, which values Jio Credit at around $3.8 billion according to a Reuters calculation, initially gives BofA a 26.5% stake, with its holding potentially rising to 49.9% after the exercise of the warrants.

Jio Credit will issue shares worth up to 66.13 billion rupees and warrants worth up to 116.55 billion rupees to BofA as part of the deal.

"By combining Jio Financial Services' scale, local expertise and customer base with Bank of America's global reach, digital experience and close to 250 years of leadership in banking, we can help expand access to financial services and support India’s continued economic growth," BofA CEO Brian Moynihan said.

Jio Credit is among India's fastest-growing NBFCs, with assets under management of more than $3 billion as of June-end, within just two years of operations.

The investment offers Jio Credit capital to support its growth while getting the expertise of a global financial firm, Bank of America said.

Non-bank credit in India is growing at a rapid pace of over 14% across segments like personal loans, gold loans and small-business credit.

JIO FINANCIAL's JV STRATEGY

Jio Financial, which listed in 2023 after a demerger from Indian billionaire Mukesh Ambani's Reliance Industries RELI.NS, operates businesses such as digital lending, payments, insurance broking and asset management services.

The company has chosen to forge joint ventures with global firms across a number of its business lines. It offers asset and wealth management services through its joint ventures with BlackRock. It has also entered a JV with Germany's Allianz to offer general and health insurance.

($1 = 95.3300 Indian rupees)

(Reporting by Nishit Navin in Bengaluru; Editing by Abinaya V, Maju Samuel and Arun Koyyur)

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Adds context and transaction details throughout

By Nishit Navin and Jayshree P Upadhyay

Aug 12 (Reuters) - Bank of America BAC.N will acquire as much as a 49.9% stake in the non-bank lending arm of Jio Financial Services JIOF.NS in a 182.68 billion rupee ($1.92 billion) deal, as the U.S. lender expands its presence in India's fast-growing financial sector.

The deal extends a recent run of large foreign investments in Indian banks and non-bank lenders, which are seeing a strong demand for credit and low loan delinquency rates.

Recent deals include Japan's MUFG 8306.T investment in Shriram Finance SHMF.NS, Dubai-based bank Emirates NBD's ENBD.DU 60% stake purchase in RBL Bank RATB.NS and Sumitomo Mitsui Financial Group's investment in Yes Bank YESB.NS.

Bank of America will become a joint venture partner in non-banking finance company Jio Credit through a preferential allotment of equity shares and warrants, the two companies said on Wednesday.

ACCESS TO A FAST-GROWING MARKET

The transaction, which values Jio Credit at around $3.8 billion according to a Reuters calculation, initially gives BofA a 26.5% stake, with its holding potentially rising to 49.9% after the exercise of the warrants.

Jio Credit will issue shares worth up to 66.13 billion rupees and warrants worth up to 116.55 billion rupees to BofA as part of the deal.

"By combining Jio Financial Services' scale, local expertise and customer base with Bank of America's global reach, digital experience and close to 250 years of leadership in banking, we can help expand access to financial services and support India’s continued economic growth," BofA CEO Brian Moynihan said.

Jio Credit is among India's fastest-growing NBFCs, with assets under management of more than $3 billion as of June-end, within just two years of operations.

The investment offers Jio Credit capital to support its growth while getting the expertise of a global financial firm, Bank of America said.

Non-bank credit in India is growing at a rapid pace of over 14% across segments like personal loans, gold loans and small-business credit.

JIO FINANCIAL's JV STRATEGY

Jio Financial, which listed in 2023 after a demerger from Indian billionaire Mukesh Ambani's Reliance Industries RELI.NS, operates businesses such as digital lending, payments, insurance broking and asset management services.

The company has chosen to forge joint ventures with global firms across a number of its business lines. It offers asset and wealth management services through its joint ventures with BlackRock. It has also entered a JV with Germany's Allianz to offer general and health insurance.

($1 = 95.3300 Indian rupees)

(Reporting by Nishit Navin in Bengaluru; Editing by Abinaya V, Maju Samuel and Arun Koyyur)

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** Shares of private lender RBL Bank RATB.NS fall as much as 2.58% despite a 27% rise in June-quarter profit, as brokerages flagged pressure on net interest income and elevated slippages in credit cards and personal loans

** CLSA downgrades RATB to "underperform" from "hold" and reduces price target to 310 rupees from 320 rupees

** "Slippages, primarily in the credit card and personal loans portfolio, remain elevated," says CLSA, cutting financial year 2027-2029 profit estimates by 1%-5%

** Investec terms the quarterly performance "soft" and cuts FY2027 and 2028 profit estimates by 9% and 5%, projecting a "slightly lower NII"

** Credit card portfolio "continues to bleed, with slippages high (up 19% QoQ)," says Axis Capital

** Average rating of 20 analysts tracking RATB is "buy"; median price target is 365 rupees, according to data compiled by LSEG

** RATB shares have climbed 15.7% in 2026 so far, outperforming the 3.2% drop in the private bank index .NIFPVTBNK, exchange data shows

(Reporting by Bharath Rajeswaran in Bengaluru)

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July 17 (Reuters) - RBL Bank Ltd RATB.NS:

• RBL BANK LTD- Q1 FY27 NIM AT 4.13%

Source text: ID:nnAZN4T8GJ7

Further company coverage: RATB.NS

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Updates with statements from IDBI, Emirates in paragraph 4, market cap in paragraph 8 after close

By Nikunj Ohri

July 14 (Reuters) - India has received revised bids from Canada's Fairfax Financial FFH.TO and Dubai's Emirates NBD ENBD.DU for the sale of its majority stake in IDBI Bank IDBI.NS, two sources said, reviving a transaction stalled earlier this year over valuation expectations.

India's federal government and state-run Life Insurance Corp of India LIFI.NS are selling a combined 60.7% stake in IDBI Bank, with the transaction expected to be completed in a month, one of the sources said on Tuesday.

The sale process was stalled earlier this year after bids submitted in March by Fairfax and Emirates fell short of the government's expectations.

IDBI Bank said in a statement to exchanges on Tuesday that it cannot confirm or deny reports about Fairfax Financial's offer and has received no government communication on the ongoing disinvestment process. Emirates NBD declined to comment.

The revised bids are being evaluated, and a top panel of bureaucrats met on Monday to discuss the stake sale, a third source said. The Indian government owns 45.48% of IDBI Bank, while LIC holds 49.24%.

Fairfax is the frontrunner to acquire the bank and is in conversation with the government while Emirates is not actively pursuing the deal after having acquired another Indian lender last year, one of the two sources and another source said.

Details of the revised bids and valuation of the bank could not be immediately ascertained. Shares of IDBI Bank closed 2.87% higher at 86.54 rupees, giving the lender a market capitalisation of 930.5 billion rupees.($9.67 billion)

The finance ministry, LIC and Fairfax did not immediately respond to requests for comment. The sources spoke on condition of anonymity to discuss sensitive matters.

The revised bids come amid growing foreign investor interest in India's financial sector.

Last year, Emirates NBD acquired a stake in private lender RBL Bank RATB.NS for $3 billion, while Japan's MUFG 8306.T bought a 20% stake in non-bank lender Shriram Finance SHMF.NS for $4.4 billion, marking some of the largest foreign investments in India's banking industry.

To draw similar interest in state-run banks, India also plans to raise the foreign direct investment limit in them to 49% from 20% presently.

REVIVED SALE PROCESS

IDBI Bank's stake sale process was initiated in 2022 and has since dragged on due to regulatory and procedural approvals.

By March 2026, when the process neared its completion, it stalled due to high government valuation expectations and weak investor appetite amid the Middle East conflict.

Concerns over pension and gratuity liabilities also weighed on bids, Reuters had reported.

($1 = 96.2000 Indian rupees)

(Reporting by Nikunj Ohri, Additional reporting by Ira Dugal and Gopika Gopakumar; Writing by Kashish Tandon; Editing by Mrigank Dhaniwala, Sonia Cheema and Muralikumar Anantharaman)

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July 8 (Reuters) - RBL Bank Ltd RATB.NS:

• RBL BANK - TO CONSIDER ISSUE OF DEBT SECURITIES ON PRIVATE PLACEMENT BASIS

Source text: ID:nBSE7mgW5f

Further company coverage: RATB.NS

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

• TOTAL DEPOSITS AT 1.25 TRILLION RUPEES, UP 11% YOY, AS OF JUNE 30

• BANK TACTICALLY CHOSE NOT TO RENEW CERTAIN WHOLESALE DEPOSITS IN THIS QUARTER

• GROSS ADVANCES AS OF JUNE 30 AT 1.17 TRILLION RUPEES, UP 21% YOY

Source text: ID:nBSE8HqHnd

Further company coverage: RATB.NS

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Updates to closing prices, analysts' comment

By Ateeq Shariff

June 30 (Reuters) - Most Gulf stock markets ended lower on Tuesday on doubts over whether U.S.-Iran talks in Doha will make any progress to end the four-month-old war.

U.S. envoys in Doha will not hold a high-level meeting with Iran, a Qatari official said, adding there will be technical talks this week on issues including regional security that could be elevated to senior level.

Iran had said on Monday that no meeting had been planned as weekend missile exchanges tested an interim ceasefire. It said its technical delegation's visit to Qatar was unrelated to the Americans' trip and that no talks were scheduled.

Saudi Arabia's benchmark stock index .TASI edged 0.1% up on Tuesday, with shares in ACWA Power 2082.SE gaining 2.8%.

Dubai's main share index .DFMGI dropped 0.6%, with top lender Emirates NBD (ENBD) ENBD.DU retreating 1.8% on reports it is considering acquiring HSBC's Turkish unit.

ENBD shares may stay under pressure in the near term as investors price in capital, integration, and execution risks tied to another potentially large overseas deal so soon after its bid for a 26% stake in India's RBL Bank, said Daniel Takieddine, CEO of Sky Links Capital Group.

According to Takieddine, in the longer run, a broader footprint across Turkey and South Asia could help diversify earnings, reduce reliance on the domestic market, and reinforce the bank's long-term growth prospects.

In Abu Dhabi, the index .FTFADGI fell 0.4%.

The Qatari index .QSI eased 0.1%, weighed down by a 2.2% fall in the Gulf's biggest lender Qatar National Bank QNBK.QA.

Outside the Gulf, Egypt's blue-chip index .EGX30 advanced 1.3%, as most of its constituents were in positive territory.

The International Monetary Fund said on Monday it had reached a staff-level agreement with Egypt on two programme reviews, potentially unlocking about $1.6 billion subject to executive board approval.

(Reporting by Ateeq Shariff in Bengaluru; Editing by Subhranshu Sahu and Emelia Sithole-Matarise)

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Crisil Ratings has assigned its highest long-term rating of 'Crisil AAA/Stable' to RBL Bank's fixed deposits and infrastructure bonds, and its highest short-term rating of 'Crisil A1+' to the bank's certificate of deposits. The rating action reflects the expected strong support from Emirates NBD, which now holds a 60% stake in RBL following a Rs 26,016 crore preferential equity infusion completed on June 18. Crisil noted RBL's pro-forma capital adequacy ratio had risen to 35.3% post-infusion. The agency also highlighted the increasing diversity in the bank's asset profile, with the share of secured retail loans expanding to 35% of advances.

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RBL Bank has allotted 92.91 crore equity shares at ₹280 apiece to Emirates NBD, raising ₹26,015.77 crore through a preferential issue. The allotment gives Emirates NBD a 60% stake in the bank, making it the promoter. The board was simultaneously reconstituted, with five Emirates NBD nominees—including Group CEO Shayne Nelson—appointed as non-executive non-independent directors. Existing directors Gopal Jain and Veena Mankar resigned to facilitate the reorganisation. The transaction was previously approved by RBL Bank's board in October 2025 and April 2026. The allotment increases the bank's paid-up equity capital from ₹619.42 crore to ₹1,548.56 crore.

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June 12 - RBL Bank Ltd RATB.NS:

• RBL BANK LTD - APPOINTS BHAVIN LAKHPATWALA AS CHIEF FINANCIAL OFFICER

Source text: [ID:]

Further company coverage: RATB.NS

BENGALURU, May 22 (Reuters) - Dubai's Emirates NBD ENBD.DU will launch its open offer on June 1 to acquire up to a 26% stake in RBL Bank RATB.NS from public shareholders at 282.38 rupees per share, according to a letter of offer filed to exchanges.

• Public shareholders can tender shares from June 1. The offer will close on June 12.

• The offer price of 282.38 rupees per share includes interest of 2.38 rupees, and reflects around a 15% discount to RBL Bank stock's closing price on Friday.

• Total consideration for the proposed acquisition will be 117.35 billion rupees, if the offer is fully accepted.

• In India, an open offer is a mandatory requirement under acquisition rules, which require the buyer taking a substantial stake in a listed company to extend an exit opportunity to public shareholders.

• In October, Emirates NBD announced plans to ​buy a majority stake in the Indian lender for $3 billion, one of the largest cross-border deals in India's financial sector.

• It received approval from India's central bank in April, followed by government clearance last week.

(Reporting by Nishit Navin; Editing by Shilpi Majumdar)

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May 17 - EMIRATES NBD BANK ENBD.DU:

• Announces receipt of approval of the Government of India, all requisite regulatory and governmental approvals for Emirates NBD’s acquisition of majority controlling stake in RBL Bank Limited (RBL) have been received

Further company coverage: ENBD.DU

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May 15 (Reuters) - UAE TO INVEST $5 BILLION IN INDIAN INFRASTRUCTURE AND RBL BANK AND SAMMAN CAPITAL - INDIA GOVERNMENT

Further company coverage: RATB.NS SMMN.NS

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** Indian banks rise as government approves an emergency credit guarantee programme worth $1.9 billion to support businesses facing short-term liquidity stress due to the Iran war

** Banks .NSEBANK and private banks .NIFPVTBNK climb ~1% each, state-owned lenders .NIFTYPSU up 1.3%, powering gains on benchmark Nifty 50 .NSEI, which is up 0.4%

** The scheme will provide additional credit support to eligible borrowers, with the government offering 100% guarantee coverage for small and medium enterprises and 90% coverage for other firms and the airline sector

** Citi says MSME-focussed lenders such as Axis Bank AXBK.NS, RBL Bank RATB.NS and state-banks will be the key beneficiaries; scheme is net positive for credit sentiment, asset quality and financial stability

** "The scheme is a net positive for banks, a modest loan growth tailwind and a more meaningful near-term asset quality buffer," Nomura says

** YTD, NSEBANK and NIFPVTBNK down 7.5% and 8.5%, respectively, NIFTYPSU up 0.3%; Nifty 50 down 7.6%

(Reporting by Kashish Tandon in Bengaluru)

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

• RBL BANK - SEBI APPROVAL TO APPLICATION FOR CHANGE IN CONTROL PURSUANT TO PROPOSED TRANSACTION

Source text: ID:nnAZN4STOF4

Further company coverage: RATB.NS

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** Shares of India's RBL Bank RATB.NS down 3.17% at 311.2 rupees

** The private lender posted a standalone net profit of 2.30 billion rupees ($24.41 million) in fourth quarter vs 687 million rupees a year earlier

** Citi ("buy", TP:390 rupees) says return on assets missed estimates due to a sharp contraction in net interest margin and higher credit costs, with margin pressures likely to persist in the near term

** Emkay ("buy", TP:375 rupees) expects bank to deliver a gradual improvement in return on assets to 0.9-1.5% over FY27-29, flags uncertainty around the ENBD deal, potential impact of West Asia tensions, and key management attrition

** RATB stock rated "buy", on avg, by 18 analysts; median PT is 344.5 rupees, according to LSEG-compiled data

** YTD, RBL stock up 5.6%

(Reporting by Devika Nair in Bengaluru)

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BENGALURU, April 25 (Reuters) - India's RBL Bank RATB.NS reported a three-fold jump in fourth-quarter profit on Saturday, helped by strong loan growth.

The private lender posted a standalone net profit of 2.30 billion Indian rupees ($24.41 million) for the quarter ended March 31, compared with 687 million rupees a year earlier.

After months of slower growth, Indian lenders saw a pick-up in credit demand in the second half of the financial year, aided by consumption tax cuts and a recovery in corporate loans.

RBL's loans grew 23% in its fourth quarter from a year earlier, while deposits rose 25%.

Net interest income - the difference between interest earned on advances and paid on deposits - grew 7% to 16.71 billion rupees.

Earlier this month, India's central bank approved Emirates NBD Bank's proposal to ​acquire a majority stake in RBL Bank, giving a key regulatory clearance for one of the largest cross-border deals in India's financial sector.

Last October, Emirates NBD announced plans to acquire a 60% stake in the Indian lender for $3 billion.

RBL Bank will be classified as a ‌foreign ⁠bank subsidiary with Emirates NBD as its parent, the Reserve Bank of India said in its approval, which is valid for a year.

The bank's gross bad loans as a percentage of total loans improved to 1.45%, as of the end of March, from 1.88% in the previous quarter.

Provisions to cover potential bad loans dropped 13.7% to 6.78 billion rupees.

($1 = 94.2400 Indian rupees)

(Reporting by Nishit Navin; Editing by Sherry Jacob-Phillips and Susan Fenton)

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April 10 (Reuters) - RBL Bank Ltd RATB.NS:

• RBL BANK LTD - RESERVE BANK OF INDIA CONFIRMS AMENDMENT TO RBL BANK'S CAPITAL CLAUSE

• RBL BANK LTD - INCREASES AUTHORISED CAPITAL TO 18 RUPEES BILLION BY CREATING 80 MILLION ADDITIONAL SHARES

Source text: ID:nBSE37gRyw

Further company coverage: RATB.NS

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