External broker reports(aggregated public sources), Edelweiss Broking Limited

Edelweiss

External broker reports(aggregated public sources)

Edelweiss Broking Limited

Edelweiss Broking Limited is an Indian Financial services company based in Mumbai, India. The company is a subsidiary of Edelweiss Group. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>RBI has appointed Mr. Yogesh K Dayal, “Chief General Manager, RBI”, as an additional director on the Board of RBL Bank Limited w.e.f. 24th December, 2021 till December 23, 2023 or till further orders, whichever is earlier. </li><li>In another surprise move, the current MD &amp; CEO of the bank, Mr. Vishwavir Ahuja went on leave with immediate effect. </li><li>The Board has appointed Mr. Rajeev Ahuja (currently the Executive Director) as interim MD &amp; CEO of the Bank with immediate effect, subject to regulatory and other approvals.  Management hosted a conference call today to discuss the events mentioned above and below are the key takeaways from the conference call.</li></ul><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

RBI has appointed Mr. Yogesh K Dayal, “Chief General Manager, RBI”, as an additional director on the Board of RBL Bank Limited w.e.f. 24th December, 2021 till December 23, 2023 or till further orders, whichever is earlier. In another surprise move, the current MD &amp; CEO of the bank, Mr. Vishwavir Ahuja went on leave with immediate effect. The Board has appointed Mr. Rajeev Ahuja (currently the Executive Director) as interim MD &amp; CEO of the Bank with immediate effect, subject to regulatory and other approvals.  Management hosted a conference call today to discuss the events mentioned above and below are the key takeaways from the conference call.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

RBL Bank Ltd: Shifting Stock to 'Under Review'

External broker reports(aggregated public sources), ICICI Securities Ltd

ICICI Securities Limited

ICICI Securities Ltd

ICICI Securities Limited provides investment services. The Company provides corporate and investment banking, securities, wealth management, retail brokerage, initial public offerings, and advisory services. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<p>Uncertainty looms at RBL Bank with the RBI’s appointment of Additional Director on bank’s Board and the Board accepting Mr. Vishwavir Ahuja’s (MD &amp; CEO) leave for six months. More so, after management highlighting that these developments are not in any manner a reflection on business fundamentals or strategy of the Bank.</p><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Uncertainty looms at RBL Bank with the RBI’s appointment of Additional Director on bank’s Board and the Board accepting Mr. Vishwavir Ahuja’s (MD &amp; CEO) leave for six months. More so, after management highlighting that these developments are not in any manner a reflection on business fundamentals or strategy of the Bank.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Uncertainty looms: RBI inducts Additional Director, MD & CEO steps down

External broker reports(aggregated public sources), Motilal Oswal Financial Services Limited

Motilal Oswal

Motilal Oswal Financial Services Limited

Motilal Oswal Financial Services Limited is an Indian diversified financial services firm offering a range of financial products and services. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<p>RBK reported a weak 2QFY22, with a PAT of INR308m, impacted by elevated provisions (INR6.5b) and weak NII trends, as margin contracted sharply by 30bp QoQ to 4.06%. On the business front, loan growth remained muted, affected by a sharp decline in Micro Banking and the Business loans...</p><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

RBK reported a weak 2QFY22, with a PAT of INR308m, impacted by elevated provisions (INR6.5b) and weak NII trends, as margin contracted sharply by 30bp QoQ to 4.06%. On the business front, loan growth remained muted, affected by a sharp decline in Micro Banking and the Business loans...Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Muted performance; earnings trajectory set to recover

External broker reports(aggregated public sources), LKP Securities

LKP Securities

<p>crystallizing into NPLs in coming quarters. However, the provisioning expense of 14.3bn (7.7bn in 4QFY21) has translated into substantial improvement in PCR to 76.3%. Moreover, the covid provisioning (6.5bn) stood 114bps of net advances. The Bank witnessed 19bps improvement in NIMs to 4.36% because of healthy YoA (11.6% v/s 11.2% sequentially) and reduction in CoF (5.27% v/s 5.45% sequentially). As expected, the bank reported a credit de-growth of 3.6 % sequentially. We estimate the growth to remain tepid for FY22E but adequate provision is likely to give comfort to the balance sheet.</p><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

crystallizing into NPLs in coming quarters. However, the provisioning expense of 14.3bn (7.7bn in 4QFY21) has translated into substantial improvement in PCR to 76.3%. Moreover, the covid provisioning (6.5bn) stood 114bps of net advances. The Bank witnessed 19bps improvement in NIMs to 4.36% because of healthy YoA (11.6% v/s 11.2% sequentially) and reduction in CoF (5.27% v/s 5.45% sequentially). As expected, the bank reported a credit de-growth of 3.6 % sequentially. We estimate the growth to remain tepid for FY22E but adequate provision is likely to give comfort to the balance sheet.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

RBL BANK ....upfront provisioning with high coverage build-up

External broker reports(aggregated public sources), Chola Securities

Chola Wealth Direct

<p>Background: RBL bank (RBL) came into operations in 1943 and was incorporated as a small, regional bank in Maharashtra with two branches in Kohlapur and Sangli. Post the change in the management team in 2010, it has been one among the fastest growing private sector banks and now has 435 interconnected branches and 380 interconnected ATMs spread across 28 Indian states and union territories serving ~9.8mn customers.</p><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Background: RBL bank (RBL) came into operations in 1943 and was incorporated as a small, regional bank in Maharashtra with two branches in Kohlapur and Sangli. Post the change in the management team in 2010, it has been one among the fastest growing private sector banks and now has 435 interconnected branches and 380 interconnected ATMs spread across 28 Indian states and union territories serving ~9.8mn customers.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

India

RBL Bank is an Indian private sector bank that provides a comprehensive range of banking and financial services to retail, corporate, and institutional customers. Its offerings include savings and current accounts, fixed deposits, credit cards, loans, investments, and digital banking solutions. The bank was founded in 1943 and is headquartered in Mumbai, India.

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RBL Bank (RBK IN)

RBL Bank Ltd: Shifting Stock to 'Under Review'

We are putting RBL Bank “UNDER REVIEW” and will continue to closely monitor any developments that pan out on both asset quality and the CEO...

Edelweiss

Uncertainty looms: RBI inducts Additional Director, MD & CEO steps down

Uncertainty looms at RBL Bank with the RBI’s appointment of Additional Director on bank’s Board and the Board accepting Mr. Vishwavir Ahuja’s (MD &...

ICICI Securities Limited

Muted performance; earnings trajectory set to recover

RBK reported a weak 2QFY22, with a PAT of INR308m, impacted by elevated provisions (INR6.5b) and weak NII trends, as margin contracted sharply by...

Motilal Oswal

RBL BANK ....upfront provisioning with high coverage build-up

crystallizing into NPLs in coming quarters. However, the provisioning expense of 14.3bn (7.7bn in 4QFY21) has translated into substantial...

LKP Securities

EARNINGS UPDATE- RBL BANK LTD 1QFY22

Background: RBL bank (RBL) came into operations in 1943 and was incorporated as a small, regional bank in Maharashtra with two branches in Kohlapur...

Chola Wealth Direct

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