RBL Bank latest FD rates: Earn up to 8.75% interest rate; check list of revised fixed deposit rates | India Business News indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
The RBL Bank has revised the interest rates of fixed deposits for amounts below Rs 2 crore. The revised FD interest rates are effective from May 1, 2024. Check on which tenure the bank is offering the highest interest rate.
ICICI Securities is bullish on RBL Bank has recommended buy rating on the stock with a target price of Rs 325 in its research report dated April 28, 2024.
RBL Bank s interest income rose 26% on year to ₹3,339 crore during the quarter ended March 31, while interest expenses increased 35% to ₹1,739 crore, according to the filings it made to stock exchanges. Other income, essentially comprising treasury profits, rose 30% to ₹875 crore. Net interest margin eased to 5.45% from 5.62% a year earlier.