Bank stock jumps 6% after Societe Generale bought stake worth ₹82 Cr in the company

Synopsis:
Societe Generale acquired 32.7 lakh RBL Bank shares via NSE bulk deal, worth Rs. 82 crore, securing a 0.54 percent stake at Rs. 250.57 average price per share.

During Friday’s trading session, shares of one of India’s leading private sector banks, founded in the pre-independence era in 1943, moved up by nearly 6.2 percent on BSE, after a bulk deal in which foreign investor Societe Generale bought a 0.54 percent stake for nearly Rs. 82 crores.

At 11:38 a.m., the shares of RBL Bank Limited were trading in the green at Rs. 264.75 on BSE, up by around 5 percent, as against its previous closing price of Rs. 251.65, with a market cap of Rs. 16,194.3 crores. The stock has delivered positive returns of around 17 percent in the last one year, and has gained by over 3 percent in the last one month.

What’s the News

A leading European financial institution, Societe Generale, bought around 32.7 lakh equity shares in RBL Bank, equivalent to a 0.54 percent stake via a bulk deal on NSE. The deal transaction was valued at nearly Rs. 82 crores, with shares changing hands at an average price of Rs. 250.57 per share.

Financials & more

RBL Bank reported a decline in its Net Interest Income (NII), showing a year-on-year decrease of around 13 percent from Rs. 1,700 crores in Q1 FY25 to Rs. 1,481 crores in Q1 FY26. Similarly, it reported a fall in net profit over the same period to Rs. 200 crores from Rs. 372 crores, marking a decrease of around 46 percent YoY. 

RBL Bank Limited, one of India’s leading private sector banks with an expanding presence across India, is engaged in the business of offering specialised services under five business verticals, namely: corporate banking, commercial banking, branch & business banking, retail assets and treasury & financial markets operations. 

The bank currently services more than 15.17 million customers through a network of 562 branches, 1,474 business correspondent branches (of which 297 are banking outlets), and 415 ATMs spread across 28 Indian states and Union Territories.

Written by Shivani Singh

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