Synopsis: Shares gained 2% after RBI allowed a leading mutual fund to raise its stake up to 9.99% from 1.88%. NII grew 5% YoY, while deposits rose 12% to ₹1.20 lakh crore. However, provisions increased 28% QoQ, and credit card stress remains a near-term concern.
The shares of the prominent private sector bank jumped 2 percent in today’s trading session after RBI approval, SBI Mutual Fund can raise its stake in the bank. With a market capitalisation of Rs 20,104.58 crore, the shares of RBL Bank Ltd were trading at Rs 325.50 per share, decreasing around 1.30 percent as compared to the previous closing price of Rs 329.80 apiece.
RBI Approval
According to the exchange, SBI Mutual Fund has received RBI approval to increase its stake in the bank up to 9.99% within a year, subject to regulatory conditions. The fund must ensure its holding does not breach this ceiling at any time. Importantly, if the stake falls below 5%, prior RBI approval will be required to raise it again. Currently, it holds 1.88%.
Q3FY26 Highlights
Looking forward to the company’s performance in Q3FY26, in which Net Interest Income increased by 5 percent on a year-on-year basis from Rs 1,585 crore in Q3FY25 to Rs 1,657 crore in Q3FY26. However, on a Quarter-on-Quarter basis, Net Interest Income zoomed by 7 percent from Rs 1,551 crore in Q2FY26 to Rs 1,657 crore in Q3FY26.
Moreover, net profit increased by 548 percent on a yearly basis from Rs 33 crore in Q3FY25 to Rs 214 crore in Q3FY26, meanwhile, on a quarter-on-quarter basis, net profit increased by 20 percent from Rs 179 crore in Q2FY26 to Rs 214 crore in Q3FY26.
However, the lender’s profitability came under pressure as provisions rose sharply by 28% quarter-on-quarter, increasing from Rs 500 crore to Rs 639 crore. In addition to higher credit costs, earnings were further impacted by a one-off expense of Rs 32 crore arising from the implementation of new labour laws.
Other Q3FY26 Highlights
RBL Bank delivered steady deposit growth driven by granular retail traction. Total deposits rose 12% YoY and 3% QoQ to Rs 1.20 lakh crore. Granular deposits under Rs 3 crore grew faster at 15% YoY, forming over half of deposits, while CASA remained stable at 30.9%, supporting a resilient funding profile.
As of 31st December 2025, the Bank has 1,921 total touchpoints of which 580 are bank branches and 1,341 business correspondent branches. Of 1,341 BC branches, 291 are banking outlets. RBL Finserve Limited (“RBL Finserve”), a 100% subsidiary of the Bank, accounts for 1,084 business correspondent branches.
RBL Bank is a leading Indian private sector bank with a diversified presence across corporate, retail, and business banking. It has a strong focus on digital products, credit cards, MSME lending, and granular deposits, serving a wide customer base through an expanding branch and technology-led network.
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