Announced Thu, 25 Jun · 17:42 IST
RBL Bank gets ICRA long-term rating upgrade to AAA
RBLBANK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.2%1-day move
₹373.65
prior close
₹371.50
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.9-1.1-1.0-1.4-1.2-3.2-5.0-3.8-1.3-3.7-1.3———
Up moveDown movePending
AI summary
ICRA upgraded RBL Bank's long-term rating to AAA from AA-, citing Emirates NBD's around Rs 26,016 crore investment and 60% controlling stake. Stable outlook assigned; removed from Rating Watch with Positive Implications. Short-term ratings reaffirmed at A1+. Pro forma CRAR improves to around 35% from 14.25%. Asset quality remains monitorable with elevated credit costs from unsecured retail.
Likely market impact
Major credit profile boost from new parent ENBD; stronger capital and funding access. Concerns remain on unsecured retail asset quality and profitability.