RBL Bank

Bigger RBL footprint in financial inclusion

Private sector lender RBL Bank has doubled its stake in Swadhaar FinServe – a captive business correspondent (BC) of the bank. It also has the rights to raise its stake in the latter to 100 per cent. The mid-sized bank on Monday said it had increased its stake in Swadhaar to 60.48 per cent from 30 per cent. Swadhaar is […]

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RBL Bank Gets Board Approval to Raise Rs1,680 Crore

The board of RBL Bank Ltd has approved raising of capital to the tune of Rs1,680 crore from a number of investors including Renuka Ramnath-led Multiples PE, UK’s development finance institution CDC and hedge fund Steadview Capital among others, the private sector lender said in a stock exchange filing on Friday. CDC is an existing investor in RBL and held […]

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RBL turns into the most expensive banking stock

ET Intelligence Group: On the back of a more than 70% gain so far this year, Kolhapur-based RBL Bank which made its market debut last year, has turned into the most expensive banking stock. On Tuesday , the stock touched a new high of `599.40, in turn commanding a forward price-to-book (PBV) multiple of 4.3 times.  Some of the most […]

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Mahindra Lifespaces and State Bank of India sign MoU

Mumbai,Feb 8 (IBNS) Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development arm of the Mahindra Group, on Wednesday announced a partnership with State Bank of India (SBI) for the establishment of a market-focused platform that will provide information and bespoke home buying solutions for customers across India. As part of the Memorandum of Understanding (MoU) signed, the […]

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