RBL Bank Limited informs the exchange about Credit Rating.
RBLBANK · price
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CARE Ratings has upgraded RBL Bank's Tier II bonds (₹800 crore) from CARE AA- to CARE AAA with a Stable outlook, and also removed the bonds from Rating Watch with Positive Implications. The Certificate of Deposit (₹6,000 crore) was reaffirmed at CARE A1+. The upgrade is driven by the ₹26,016 crore capital infusion from Emirates NBD (ENBD) in June 2026, which made ENBD the promoter with ~60% stake, taking RBL's net worth to ~₹42,000 crore and capital adequacy ratio (CAR) to ~35.30%. Asset quality has also improved, with gross NPAs falling to 1.45% in FY26 from 2.60% in FY25, though profitability remains moderate (PAT of ₹822 crore, ROTA of 0.50%) due to stress in unsecured lending segments like credit cards and microfinance.
This is a clear positive for RBL Bank shareholders — a move from AA- to AAA is the highest investment-grade tier and should lower future borrowing costs, boost investor confidence, and reinforce the bank's strengthened balance sheet post the ENBD deal. The stock is likely to react favourably, though ongoing concerns around unsecured loan stress and moderate profitability remain watchpoints.