Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. India
  4. Bombay Stock Exchange
  5. RBL Bank Limited
  6. News
  7. Summary
    540065   INE976G01028

RBL BANK LIMITED

(540065)
  Report
End-of-day quote. End-of-day quote Bombay Stock Exchange - 09/21
175.8 INR   +0.89%
09/15RBL BANK : Starts Issuance of Visa-branded Credit Cards
MT
08/02Rbl Bank Limited Reports Earnings Results for the First Quarter Ended June 30, 2021
CI
07/26Indian shares end lower on banks, auto stocks
RE
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

RBL Bank : India's RBL Bank signs up Visa after cenbank ban on Mastercard

07/15/2021 | 12:21am EDT
FILE PHOTO: A Visa credit card is seen on a computer keyboard in this picture illustration

BENGALURU (Reuters) - India's RBL Bank said on Thursday it has signed up Visa Inc for its credit cards, a day after India's central bank decided to bar rival payments company Mastercard Inc from issuing new debit or credit cards in the country.

The lender aims to issue new credit cards under the Visa network in 8 to 10 weeks following a technology integration.

RBL shares fell as much as 3.2% after it warned that card issuances per month will be impacted until then as it awaits updates on issuing new credit cards with Mastercard.

The Reserve Bank of India had on Wednesday barred Mastercard from issuing new cards to domestic customers for violating data storage rules from 2018 that require foreign card networks to store Indian payments data "only in India".

The ban takes effect on July 22. The RBI said its decision will not impact existing Mastercard customers.

Mastercard said it was "disappointed" with the decision and that it had provided regular updates on its compliance with the rules since 2018.

RBL Bank has around three million credit card customers and is the fifth largest credit card issuer in the country with a 5% market share, the bank said in a statement.

(Reporting by Vishwadha Chander in Bengaluru; Editing by Arun Koyyur)


ę Reuters 2021
All news about RBL BANK LIMITED
09/15RBL BANK : Starts Issuance of Visa-branded Credit Cards
MT
08/02Rbl Bank Limited Reports Earnings Results for the First Quarter Ended June 30, 2021
CI
07/26Indian shares end lower on banks, auto stocks
RE
07/21RBI Pushes For Massive Governance Reforms Of Banks In The Aftermath Of Recurring Bank F..
AQ
07/15Tech stocks power Indian shares to record highs
RE
07/15RBL BANK : India's RBL Bank signs up Visa after cenbank ban on Mastercard
RE
06/29RBL Bank Appoints Two Independent Directors
CI
05/05RBL BANK : Consolidated Net Profit Plunges in Fiscal Q4
MT
05/04RBL Bank Limited Reports Earnings Results for the Fourth Quarter Ended March 31, 2021
CI
04/26UDAY KOTAK : RBI limits single term of bank CEOs, managing directors to 15 years
RE
More news
Analyst Recommendations on RBL BANK LIMITED
More recommendations
Financials
Sales 2022 67 650 M 918 M 918 M
Net income 2022 2 702 M 36,7 M 36,7 M
Net Debt 2022 - - -
P/E ratio 2022 38,3x
Yield 2022 1,00%
Capitalization 105 B 1 428 M 1 429 M
Capi. / Sales 2022 1,56x
Capi. / Sales 2023 1,36x
Nbr of Employees 17 000
Free-Float 71,4%
Chart RBL BANK LIMITED
Duration : Period :
RBL Bank Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends RBL BANK LIMITED
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Mean consensus -
Number of Analysts 0
Last Close Price 175,80 
Average target price
Spread / Average Target -
EPS Revisions
Managers and Directors
Vishwavir Ahuja Chief Executive Officer, Director & MD
Amrut Gopal Palan Chief Financial Officer
Prakash Chandra Non-Executive Chairman
Sankarson Banerjee Chief Information Officer
Pankaj Sharma Chief Operating Officer