Bajaj Finance had in a filing last month said that the RBI in its order dated November 15 directed the NBFC to stop sanction and disbursal of loans under its two lending products.
RBL Bank: Nirmal Bang Institutional Equities said the bank is on an improving earnings growth trajectory, driven by healthy growth, margin expansion and stable asset quality.
RBL Bank share price: The multibagger counter has gained nearly 120 per cent in the past one year. The scrip was up 19 per cent on a year-to-date (YTD) basis and 16 per cent in past one month.
Investors rushed to buy shares of RBL Bank on the BSE on Wednesday, driving prices as much as 8 per cent higher to Rs 271, after foreign brokerage CLSA said the bank is undergoing its second transformation . The stock has leaped 13 per cent in the past two trading sessions. In a report dated January 5, CLSA said the bank is re-aligning its product portfolio and is now focusing on key retail-asset niches. The bank built its credit-card and microfinance (MFI) business over the past three to four years and scaled it further through tie-ups. This, they say, will drive the bank s profitability going forward.