RBL Bank rises on extending co-brand credit card partnership with Bajaj Finance

RBL Bank is currently trading at Rs. 141.85, up by 0.95 points or 0.67% from its previous closing of Rs. 140.90 on the BSE.

The scrip opened at Rs. 146.00 and has touched a high and low of Rs. 146.00 and Rs. 141.00 respectively. So far 446207 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 274.00 on 08-Jan-2021 and a 52 week low of Rs. 132.35 on 27-Dec-2021.

Last one week high and low of the scrip stood at Rs. 179.70 and Rs. 132.35 respectively. The current market cap of the company is Rs. 8446.26 crore.

The Institutions and Non-Institutions held 54.29% and 45.70% stake, respectively in the Bank.

RBL Bank has signed agreement with Bajaj Finance for the extension of the partnership of co-branded credit cards for a period of 5 years to December 2026.

RBL Bank operates as a scheduled commercial bank. The bank offers its services under the five business verticals including corporate and institutional banking, commercial banking, retail banking, agri and development banking and financial markets. The bank was founded in 1943 and is based in Kolhapur, Maharashtra.