Today, the share of RBL Bank has jumped by 6.05 per cent to Rs 129.65. The bank has surged 31.96 per cent in the three straight sessions; it recently closed at a low of Rs 98.25 on August 22. On the Bombay stock exchange (BSE), the company’s shares were traded on an average daily volume of 18.40 lakhs in the past two weeks. The company’s stock jumped to Rs 132.6 and low at Rs 119.45. Last year in November, the stock hit 52 week high of Rs 221.2 and a low of Rs 74.15 in June 2022.

In July, the stock outperformed the market, surging 36.55 per cent compared with a 6.59 per cent rise in the Sensex. The scrip had outperformed the market in the past three months, rising 20.27 per cent against a 10.59 per cent rise in Sensex. Also, in the past year, the stock had underperformed the market, down at 19.72 per cent against Sensex’s 6.26 per cent rise.

As of March 31 2022, the bank had 1,302 business correspondent branches, out of which 289 branches were banking outlets. RBL finserve has a wholly owned subsidiary of the bank, accounting for 789 business correspondent branches.

RBL bank had reported a consolidated net profit of Rs 201.16 crore against a net loss of Rs 459.47 crore in the first quarter of FY23 over FY22. Total income rose marginally to Rs 2,702.91 crore in the April-June quarter of FY23 from Rs 2,679.19 crore last year.