RBL Bank is currently trading at Rs. 185.70, down by 4.60 points or 2.42% from its previous closing of Rs. 190.30 on the BSE.
The scrip opened at Rs. 190.20 and has touched a high and low of Rs. 191.00 and Rs. 185.40 respectively. So far 332161 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 274.00 on 08-Jan-2021 and a 52 week low of Rs. 155.65 on 24-Aug-2021.
Last one week high and low of the scrip stood at Rs. 191.00 and Rs. 175.60 respectively. The current market cap of the company is Rs. 11113.93 crore.
The Institutions and Non-Institutions holding in the bank stood at 55.69% and 44.30% respectively.
The Reserve Bank of India (RBI) has imposed a penalty of Rs 2 crore on private lender RBL Bank for deficiencies in regulatory compliances and non-compliance of the provisions of the Banking Regulation Act.
Following supervisory evaluation of the RBL Bank, the Reserve Bank raised issues relating to contravention of certain regulatory directions and non-compliance with the provisions of the Banking Regulation Act concerning opening of five savings accounts in the name of a cooperative bank and composition of the board of directors. The RBI later issued a notice to the bank advising it to show cause as to why penalty should not be imposed for contravention of and non-compliance with the provisions of its directions and provisions of the Banking Regulation Act.
RBL Bank operates as a scheduled commercial bank. The bank offers its services under the five business verticals including corporate and institutional banking, commercial banking, retail banking, agri and development banking and financial markets. The bank was founded in 1943 and is based in Kolhapur, Maharashtra.
