RBL Bank gets approval to set-up IFSC Banking unit in Gujarat

India Infoline News Service | Mumbai | December 01, 2016 15:59 IST

The bank has received an in-principle approval from the Reserve Bank of India for opening of ‘International Financial Services Centre Banking Unit at Gujarat International Finance Tech-City in Gujarat.

RBL Bank
RBL Bank has received an in-principle approval from the Reserve Bank of India for opening of ‘International Financial Services Centre Banking Unit’ (IFSC Banking Unit) at Gujarat International Finance Tech-City (GIFT) in state of Gujarat.
 
Stock Commentary:

RBL Bank Ltd ended at Rs 353.05, down by Rs 11.2 or 3.07% from its previous closing of Rs 364.25 on the BSE.

The scrip opened at Rs 366.95 and touched a high and low of Rs 367.5 and Rs 351.1 respectively. A total of 1334738 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 13571.01 crore.

The BSE group 'B' stock of face value Rs 10 touched a 52 week high of Rs 421 on 10-Nov-2016 and a 52 week low of Rs 273.7 on 31-Aug-2016. Last one week high and low of the scrip stood at Rs 365.5 and Rs 334.05 respectively.

The promoters holding in the company stood at 0 % while Institutions and Non-Institutions held 24.39 % and 75.61 % respectively.

The stock traded above its 50 DMA.

***Note: This is a NSE Chart

 

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