Now Reading: RBL Bank sets August 14 record date for Rs 1 dividend
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RBL Bank sets August 14 record date for Rs 1 dividend
The Story in Brief
The Story in Brief
RBL Bank has fixed August 14, 2026, as the record date for its Rs 1-a-share final dividend for the year ended March 31, 2026. The payout requires shareholder approval at the bank’s annual general meeting on September 2 and will be made by October 1. Under the T+1 settlement cycle, investors buying on or after August 14 will not qualify for the dividend.
The bank reported a 27% year-on-year rise in June-quarter net profit to Rs 254 crore. Operating profit increased 31% to Rs 923 crore, while net advances grew 23% to Rs 1,16,223 crore. Gross non-performing assets fell to 1.30% and net NPAs to 0.37%.
The Indian Opinion
The easy story is that a higher profit and lower bad-loan ratios settle RBL Bank’s recovery. The opposite claim, that the dividend alone proves lasting strength, is just as thin. Other income fell 10%, and the cost-to-income ratio remains 64.7%, despite improving from a year earlier. Investors should watch whether advances, fee income and asset quality hold over several quarters, not just whether the Rs 1 payout is approved in September.
Source: livemint.com
This story was synthesised by AI from the source linked above. Methodology and corrections.
Ashin Xavier: interesting
IO Repro: Repro test v4 after fix 2 Oct. Safe to trash.
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IO Repro: Repro test after fix 2 Oct. Safe to trash.