
RBL Bank Limited (RBLBANK.NS)
ValueMarkers Composite Index
0% below intrinsic value ($4)
RBL Bank Limited (RBLBANK.NS) — VMCI valuation read
Headline read on RBLBANK.NS: VMCI of 45/100 versus a Financial Services sector median of 50. The 5-point below-median position is what makes RBL Bank Limited a relative-value laggard in the mid-cap cohort, before any pillar-level review.
Form 4 filings on RBLBANK.NS: zero in the trailing 30 days. The absence of insider transactions is itself a data point, just a low-information one. The thesis runs on financials and price action until that changes.
**Investor frame.** Three reads on RBLBANK.NS: value (RBLBANK.NS trades at 19.0x earnings, 6% above the Financial Services median of 18.0x), quality (ROIC of 11.0% sits 1.0pp above the Financial Services median (10.0%)), and risk (net debt to EBITDA of -1.1x leaves covenant headroom). The value read also implies an EV/EBITDA gap of +4.0x against the Financial Services 12.0x baseline.
RBLBANK.NS fell 1.4% over the trailing 7 days, with a +2.5% read on a 30-day basis.
RBL Bank Limited operates as a scheduled commercial bank in India. It operates through Corporate/Wholesale Banking, Retail Banking, Treasury, and Other Banking Operations segments. The company's deposit products include savings, current, and institution accounts, as well as fixed deposits. It also offers business, home, personal, car, and education loans, as well as loans against property, overdraft against property, loans against gold, working capital finance, and unsecured and secured small business loans; life, general, and health insurance products; investments services, such as wealth management, e-ASBA, and national pension system; and demat account. In addition, the company provides online tax and bill payment, online banking, digital and net banking, and merchant payment services, as well as debit, credit, and prepaid cards. Further, it offers mergers and acquisitions advisory, private equity capital advisory, project and infrastructure finance, structured finance, and real estate financing; cash management, trade and remittance, and supply chain finance services; and financial markets and treasury products, such as capital markets, and forex and bullion. Additionally, the company provides agribusiness, NRI, and signature banking services, as well as safe deposit lockers. As of July 31, 2021, it operated a network of approximately 435 bank branches; 1,424 business correspondent branches; and 380 ATMs. The company was formerly known as The Ratnakar Bank Limited and changed its name to RBL Bank Limited in August 2014. RBL Bank Limited was incorporated in 1943 and is based in Mumbai, India.
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