RBL Bank shares jump 4% after exceptional Q4 update, RBI’s approval for Emirates NBD’s 74% stake acquisition

Shares of the lender jumped to Rs 312.70 apiece in the morning trading hours of Monday, the highest level in more than a month. The sharp surge added more than Rs 720 crore to the total market capitalisation of the company, pulling it higher up to rise above Rs 19,310 crore.

In an exchange filing released on Thursday, RBL Bank said that the RBI has approved Emirates NBD Bank to acquire up to 74% stake in the lender. After the completion of the stake sale, the Dubai-based bank will become a promoter holder, crossing the 51% threshold as per the RBI’s conditions. The lender has no promoter, currently. The private lender, meanwhile, will be classified as a foreign bank operating in wholly owned subsidiary (WOS) mode, with Emirates NBD as its parent. RBI’s approval is now valid for one year.

The approval was communicated via a letter dated April 1, 2026, ET had earlier reported, citing sources. The report said that an approval from the Securities and Exchange Board of India (Sebi) is also expected soon.

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RBL Bank on Thursday released its provisional business update for the fourth quarter of the financial year 2026. The lender’s total deposits rose 25% year-on-year (YoY) to Rs 1.39 lakh crore in Q4 FY26, from 1.11 lakh crore in the corresponding quarter of the previous financial year. Sequentially, total deposits grew 16% QoQ from Rs 1.2 lakh crore in Q3 FY26.

Gross advances meanwhile increased 22% YoY and 11% QoQ to Rs 1.15 lakh crore during the quarter under review. RBL Bank’s CASA (current account and savings account) deposits grew 23% YoY to Rs 46,723 crore, while CASA ratio stood at 33.6% in Q4 FY26, slightly lower than 34.1% in the same period of the previous year.

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RBL Bank’s deposits worth under Rs 3 crore grew 16% YoY to Rs 63,943 crore, while the average liquidity coverage ratio stood at 130%, lower than 133% recorded in Q4 FY25. The bank said that its total business crossed Rs 2.5 lakh crore at the end of the quarter, marking a 24% YoY increase from Q4 FY25.

Secured retail advances grew 36% YoY and 17% QoQ. Retail advances rose 18% YoY and 10% QoQ, while unsecured retail advances grew 2% QoQ. Wholesale advances grew 27% YoY. Within wholesale, commercial banking advances grew 29% YoY. The mix of retail: wholesale advances was reported at approximately 59:41.

Motilal Oswal Financial Services said that RBL Bank’s exceptional growth of 22% YoY in gross advances is fairly higher than its estimate of 16%. It noted that deposits also witnessed exceptional growth of 25% YoY, significantly higher than its estimate of 12.2%.

“RBL reported remarkable business growth, led by both advances as well as deposits growth,” it said, maintaining its ‘Buy’ call on the stock.

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RBL Bank shares have gained more than 8% in the past week, and over 3% in the past month. In the longer term, the stock has surged 78% in one year, and more than 118% in three years.

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