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Bhavin Lakhpatwala is a Chartered Accountant with a strong track record in building and strengthening finance functions. His core responsibilities have spanned financial planning & analysis, corporate finance and business intelligence, reflecting a wide functional remit and depth of experience in banking finance.
He is a seasoned finance leader with over twenty-five years of experience across financial control, business finance, investor relations, and strategic initiatives. In his recent role at HDFC Bank, he was part of the CFO leadership team, driving strategy and playing a key role in significant initiatives, including the HDFC Bank–HDFC merger.
RBL Bank is one of India's leading private sector banks with an expanding presence across the country. The bank offers specialized services under five business verticals, namely, corporate & institutional banking, commercial banking, branch & business banking, retail assets, and treasury and financial markets operations.
The bank's standalone net profit surged 234.37% to Rs 229.71 crore while total income increased 7.01% to Rs 4,789.21 crore in Q4 March 2026 over Q4 March 2025.
RBL Bank Ltd gained for a third straight session today. The stock is quoting at Rs 372.75, up 1.89% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.17% on the day, quoting at 23899.6. The Sensex is at 76443.32, up 1.21%. RBL Bank Ltd has gained around 14.48% in last one month.
Meanwhile, Nifty Private Bank index of which RBL Bank Ltd is a constituent, has gained around 6.36% in last one month and is currently quoting at 27649.7, up 0.63% on the day. The volume in the stock stood at 45.09 lakh shares today, compared to the daily average of 45.38 lakh shares in last one month.
The benchmark June futures contract for the stock is quoting at Rs 372.5, up 1.35% on the day. RBL Bank Ltd is up 71.66% in last one year as compared to a 4.2% slide in NIFTY and a 0.21% slide in the Nifty Private Bank index.
The PE of the stock is 27.54 based on TTM earnings ending March 26.
The counter advanced 1.78% to settle at Rs 365.70 on the BSE.
RBL Bank Ltd gained for a fifth straight session today. The stock is quoting at Rs 343.45, up 0.03% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.09% on the day, quoting at 24010.15. The Sensex is at 76286.84, down 0.26%. RBL Bank Ltd has risen around 9.8% in last one month.
Meanwhile, Nifty Private Bank index of which RBL Bank Ltd is a constituent, has risen around 0.3% in last one month and is currently quoting at 26927.1, down 0.45% on the day. The volume in the stock stood at 18 lakh shares today, compared to the daily average of 62.61 lakh shares in last one month.
The benchmark May futures contract for the stock is quoting at Rs 342.95, down 0.39% on the day. RBL Bank Ltd is up 62.82% in last one year as compared to a 3.29% drop in NIFTY and a 2.64% drop in the Nifty Private Bank index.
The PE of the stock is 25.8 based on TTM earnings ending March 26.
The open offer comprises a base offer price of Rs 280 per equity share and an applicable interest component of Rs 2.38 per share. The Rs 2.38 per share interest arises from a SEBI directive dated 22 April 2026, which granted Emirates NBD an extension to launch the open offer after regulatory approvals took longer than expected. Crucially, the final clearance — the Department for Promotion of Industry and Internal Trade (DPIIT) approval — came only on 14 May 2026, triggering a 31-day delay. SEBI directed the acquirer to compensate public shareholders for this wait at an interest rate of 10% per annum. In effect, it is a penalty-linked payment, not a standard market adjustment.
The total consideration for the offer is estimated at Rs 11,735.33 crore, assuming full acceptance. Emirates NBD plans to acquire up to 41.55 crore equity shares, representing 26% of the expanded voting share capital of the private sector lender.
The tendering period for the open offer will commence on 1 June 2026, and conclude on 12 June 2026, while payment of consideration is scheduled to be completed by 29 June 2026.
The open offer forms part of Emirates NBD's broader plan to acquire a controlling stake in RBL Bank through a preferential allotment and open offer route. Under the transaction structure, Emirates NBD will subscribe to up to 95.90 crore equity shares of RBL Bank at Rs 280 apiece through a preferential issue, representing nearly 60% of the bank's post-issue paid-up capital.
The transaction, first announced in October 2025, is valued at around $3 billion and is being seen as one of the biggest foreign direct investments in India's banking sector.
Earlier this month, the Government of India approved Emirates NBD's proposal to acquire between 49% and 74% stake in RBL Bank, following prior approvals from the Reserve Bank of India, Competition Commission of India, and market regulator SEBI.
RBL Bank will operate as a foreign bank subsidiary after completion of the transaction, with Emirates NBD expected to hold at least 51% stake in the lender.
Shares of RBL Bank rose 1.70% to settle a Rs 335.75 on 22 May 2026.
RBL Bank Ltd gained for a third straight session today. The stock is quoting at Rs 334.45, up 1.73% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.67% on the day, quoting at 23813. The Sensex is at 75784.77, up 0.8%. RBL Bank Ltd has risen around 7.04% in last one month.
Meanwhile, Nifty Private Bank index of which RBL Bank Ltd is a constituent, has risen around 1.68% in last one month and is currently quoting at 25990.05, up 1.55% on the day. The volume in the stock stood at 23.93 lakh shares today, compared to the daily average of 65.61 lakh shares in last one month.
The benchmark May futures contract for the stock is quoting at Rs 335, up 1.47% on the day. RBL Bank Ltd is up 59.3% in last one year as compared to a 4.19% drop in NIFTY and a 4.44% drop in the Nifty Private Bank index.
The PE of the stock is 24.7 based on TTM earnings ending March 26.
Cohance Lifesciences Ltd, RBL Bank Ltd, Affle 3i Ltd, Adani Total Gas Ltd are among the other stocks to see a surge in volumes on BSE today, 28 April 2026.
City Union Bank Ltd clocked volume of 7.2 lakh shares by 10:47 IST on BSE, a 4.68 times surge over two-week average daily volume of 1.54 lakh shares. The stock gained 4.46% to Rs.283.45. Volumes stood at 1.66 lakh shares in the last session.
Cohance Lifesciences Ltd recorded volume of 18.95 lakh shares by 10:47 IST on BSE, a 4.22 times surge over two-week average daily volume of 4.49 lakh shares. The stock gained 15.09% to Rs.498.00. Volumes stood at 15.49 lakh shares in the last session.
RBL Bank Ltd notched up volume of 13.29 lakh shares by 10:47 IST on BSE, a 4.15 fold spurt over two-week average daily volume of 3.20 lakh shares. The stock rose 3.92% to Rs.325.00. Volumes stood at 5.48 lakh shares in the last session.
Affle 3i Ltd witnessed volume of 1.03 lakh shares by 10:47 IST on BSE, a 3.77 times surge over two-week average daily volume of 27391 shares. The stock dropped 0.01% to Rs.1,452.40. Volumes stood at 99406 shares in the last session.
Adani Total Gas Ltd witnessed volume of 11.1 lakh shares by 10:47 IST on BSE, a 2.78 times surge over two-week average daily volume of 4.00 lakh shares. The stock increased 2.33% to Rs.650.90. Volumes stood at 4.67 lakh shares in the last session.