Share price
₹379 latest close · +5.0% over the last 90 sessions
₹379 month-end · +21.3% over 12 months
₹379 month-end · +61.6% over 3 years
₹379 month-end · −33.4% since Jan '19
52-week range ₹287.20 to ₹429.60 · 1-year volatility 31.8%
Was the rally earned?
Mostly yes, with a catch.
- Per-share earnings added 28 points, but investors now pay less per rupee of profit (P/E 32.7x to 30.8x), which took 7 points back.
- The share count rose 60%.
Partly.
- Most of the rise came from investors paying a higher multiple (P/E 15.3x to 30.8x); per-share earnings took off 28 points.
- The share count rose 62%.
Both mattered.
- Per-share earnings added 48 points and the multiple added 59 points (P/E 20.6x to 30.8x).
- The share count rose 63%.
What do "pts" mean?
"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.
Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.
Net profit is trailing twelve months as reported with a 60-day lag.
How rough has the ride been?
Drawdown from peak
Largest drawdowns
-89.0% (2019-05 peak to 2022-06 low, not yet recovered)
Most recent volume spikes
2026-10-13: 15.2x the 50-day median, price -7.1% that day
2026-09-03: 5.5x the 50-day median, price +4.8% that day
2026-07-16: 6.3x the 50-day median, price -2.7% that day
Beta is the slope of daily returns against a market-cap-weighted index of the sector's other listed companies, built from today's constituents (so it excludes companies no longer listed).
Is it expensive against its own past and its peers?
Usual range 1.0x to 3.1x since 2019-01.
132% above the Finance median.
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How to read this
Shaded band: 10th to 90th percentile of the company's own P/B history; dotted line: its median; orange line: sector median (companies with a positive multiple, at least 5 in the sector).
Sector figures are built from today's listed companies, so they exclude companies that are no longer listed.
Where does it rank among Finance peers?
Each cell is the company's percentile rank among its Finance peers (banks and financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).
Where it ranks today
- ROE (approx.)22nd▲ 3 pts vs a year ago
- EPS growth80th▲ 61 pts vs a year ago
- P/B ↓17th▼ 31 pts vs a year ago
- 12M momentum83rd▼ 15 pts vs a year ago
- FII + DII56th▼ 30 pts vs a year ago
Rank history
Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.
The Finance sector page Watch it move against Finance in the Observatory
What is the price implying?
At normalised P/E (five-year average earnings) of 81.5x, a holder earning 12%/yr needs earnings to grow about 32.3%/yr for 10 years, then trade at 15x.
Over time
Implied growth by month (solid) and delivered growth (dashed).
Change the assumptions
| Exit P/E / return | 11% | 12% | 13% |
|---|---|---|---|
| 12x | 34.1% | 35.3% | 36.5% |
| 15x | 31.2% | 32.3% | 33.5% |
| 20x | 27.5% | 28.6% | 29.8% |
Drag a slider to test other assumptions
Implied: 32.3%/yrLooking back
- Jan 2020Price implied 12%/yr; EPS has since grown −5%/yr (7.0 yrs)
- Jan 2021Price implied 19%/yr; EPS has since grown 6%/yr (6.0 yrs)
- Jan 2022Price implied 16%/yr; EPS has since grown 10%/yr (5.0 yrs)
Past comparisons cover only companies listed today (survivorship bias) and say nothing about future outcomes.
“Implied growth” is what the current price would require under our stated assumptions, not what we expect. How this is calculated and the market-wide lists.
What prices imply across Finance The market-wide Expectations lists
Key figures
- Share Priceclose 9 Nov
- ₹379.00
- P/E
- 30.8x
- Market Cap
- ₹58852 cr
- Revenue (TTM)
- ₹14736 cr
- P/S
- 4.0x
- P/B
- 3.5x
- ROE
- 5.0%
- Debt / Equity
- 1.0x
- Promoter Holding
- 60.0%
- 12M Momentum
- 21.3%
52-week range
Price risk
Balance sheet & cash
Are profits backed by cash?
Tax rate22%Within range
Median quarterly effective tax rate over about 2.5 years: 22.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.
Tap a check to see how it is measured
Cash conversion and receivable days are not meaningful for banks and NBFCs, so only the other-income and tax-rate checks are shown.
How to read this
Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.
Who has been buying and selling?
- Over 2 years, promoters added 60.0 pts; FIIs trimmed 19.5 pts; DIIs trimmed 2.4 pts.
- The number of shareholders fell from 3.4 lakh to 3.2 lakh (-7%) between Dec 2023 and Jun 2026.
Holdings, Jun '26
How each group changed
Number of shareholders
Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.
What happened next to similar setups
- We found 50 past situations where a bank, NBFC or insurer looked like RBL BANK LIMITED today on valuation, return on capital, growth, price momentum, size and volatility.
- Over the following 12 months the middle half of them returned −25% to +8% vs the market, against −3% for all financial companies in the same months.
- The gap against the base rate (−0.9%, 80% range −7.6% to +4.4%) is within what chance and overlapping periods produce.
Where the 50 outcomes landed
Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 1 beyond the range shown, drawn at the edge
50 past situations · 50 companies · 34 months · 2020–2025
The closest matches
| Company | When | P/E | P/B | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| SUNDARMFIN Finance |
Dec 2024 | 29x | 4.9x | +18% | −23% | +21% |
| M&MFIN Finance |
Feb 2025 | 16x | 1.8x | −2% | −21% | +23% |
| SBFC Finance |
Oct 2025 | 36x | 4.0x | +31% | −4% | −22% |
| YESBANK Finance |
Sep 2022 | 37x | 1.2x | +25% | −12% | −5% |
| AXISBANK Finance |
Feb 2020 | 36x | 2.6x | −2% | −15% | −24% |
Show the other 3 matches
| Company | When | P/E | P/B | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| EQUITASBNK Finance |
May 2023 | 39x | 2.5x | +113% | −2% | −25% |
| IOB Finance |
Jan 2024 | 44x | 3.7x | +73% | 0% | −4% |
| IIFL Finance |
Oct 2025 | 70x | 2.8x | +22% | −1% | +4% |
How reliable is this?
Matched on P/E, P/B, ROE, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: 12-month momentum, drawdown from 12-month high and P/E. One match per company and at most 7 from any one month.
Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.
What else looks like this?
Companies with the most similar financial profile today, regardless of industry.
Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.
What changed?
30 events since Jun '22
- NovValuationP/B crossed above the 90th percentile of its own history to date (3.5x).
- OctPriceVolume reached 15.2x its 50-day median on 2026-10-13; price -7.1% that day.
- SepPromoterPromoter holding rose 60.0 pts to 60.0%.
- SepPeer rankMoved into the top quartile of Finance on EPS growth (from the 2nd quartile).
- JulPriceVolume reached 6.3x its 50-day median on 2026-07-16; price -2.7% that day.
- JunResultsYear-on-year EPS growth turned positive.
- JunPeer rankMoved into the 2nd quartile of Finance on EPS growth (from the bottom quartile).
- JunDebtDebt / equity rose above 1.0x (1.00x).
Show 22 earlier events
- MarResultsRevenue (TTM) reached a new high of ₹14,093 cr.
- MarInstitutionsFII + DII holding rose 10.8 pts over 1 quarter to 61.6%.
- JanPriceVolume reached 5.2x its 50-day median on 2026-01-19; price -6.7% that day.
- OctPriceVolume reached 12.1x its 50-day median on 2025-10-20; price +9.1% that day.
- AugPriceVolume reached 7.0x its 50-day median on 2025-08-29; price +4.1% that day.
- JunResultsYear-on-year EPS growth turned negative.
- JunInstitutionsFII + DII holding fell 6.0 pts over 2 quarters to 35.2%.
- JunPeer rankSlipped to the bottom quartile of Finance on ROE (from the 3rd quartile).
- AprPriceVolume reached 15.4x its 50-day median on 2025-04-22; price -1.3% that day.
- MarPeer rankMoved into the 3rd quartile of Finance on ROE (from the bottom quartile).
- OctPriceVolume reached 9.4x its 50-day median on 2024-10-21; price -14.2% that day.
- SepInstitutionsFII + DII holding rose 3.5 pts over 1 quarter to 48.8%.
- JulPriceVolume reached 5.7x its 50-day median on 2024-07-25; price -3.3% that day.
- JunResultsYear-on-year EPS growth turned positive.
- JunPeer rankMoved into the 2nd quartile of Finance on EPS growth (from the bottom quartile).
- DecPriceVolume reached 5.0x its 50-day median on 2023-12-08; price +4.5% that day.
- JulPriceVolume reached 6.0x its 50-day median on 2023-07-27; price -2.8% that day.
- JunResultsEPS (TTM) turned positive.
- JunDividendStarted paying a dividend (payout 10% of profit).
- AugPriceVolume reached 6.3x its 50-day median on 2022-08-25; price +5.1% that day.
- JunResultsEPS (TTM) turned negative.
- JunPriceFell 89% from the May 2019 peak to the Jun 2022 low.
Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.
Where price and fundamentals disagree, market-wide Rewind the whole market to any month
Monthly history95 months · 2019-01 to 2026-11
| Month | P/E | Revenue (TTM) | ROE | Debt / Equity |
|---|---|---|---|---|
| 2026-11 | 30.8x | ₹14736 cr | 5.0% | 1.0x |
| 2026-10 | 28.6x | ₹14736 cr | 5.0% | 1.0x |
| 2026-09 | 32.8x | ₹14736 cr | 5.0% | 1.0x |
| 2026-08 | 26.6x | ₹14337 cr | 5.0% | 1.0x |
| 2026-07 | 26.3x | ₹14337 cr | 5.0% | 1.0x |
| 2026-06 | 25.8x | ₹14337 cr | 5.0% | 1.0x |
| 2026-05 | 29.3x | ₹14093 cr | 5.0% | 0.9x |
| 2026-04 | 28.6x | ₹14093 cr | 5.0% | 0.9x |
| 2026-03 | 24.6x | ₹14093 cr | 5.0% | 0.9x |
| 2026-02 | 36.0x | ₹13963 cr | 5.0% | 0.9x |
| 2026-01 | 33.7x | ₹13963 cr | 5.0% | 0.9x |
| 2025-12 | 35.6x | ₹13963 cr | 5.0% | 0.9x |
| 2025-11 | 32.7x | ₹13986 cr | 5.0% | 0.9x |
| 2025-10 | 34.2x | ₹13986 cr | 5.0% | 0.9x |
| 2025-09 | 29.1x | ₹13986 cr | 5.0% | 0.9x |
| 2025-08 | 22.1x | ₹14042 cr | 5.0% | 0.9x |
| 2025-07 | 22.6x | ₹14042 cr | 5.0% | 0.9x |
| 2025-06 | 21.0x | ₹14042 cr | 5.0% | 0.9x |
| 2025-05 | 13.0x | ₹13904 cr | 9.0% | 1.0x |
| 2025-04 | 12.2x | ₹13904 cr | 9.0% | 1.0x |
| 2025-03 | 10.6x | ₹13904 cr | 9.0% | 1.0x |
| 2025-02 | 8.0x | ₹13558 cr | 9.0% | 1.0x |
| 2025-01 | 8.4x | ₹13558 cr | 9.0% | 1.0x |
| 2024-12 | 8.0x | ₹13558 cr | 9.0% | 1.0x |
| 2024-11 | 7.2x | ₹13035 cr | 9.0% | 1.0x |
| 2024-10 | 7.9x | ₹13035 cr | 9.0% | 1.0x |
| 2024-09 | 9.6x | ₹13035 cr | 9.0% | 1.0x |
| 2024-08 | 10.9x | ₹12394 cr | 9.0% | 1.0x |
| 2024-07 | 11.3x | ₹12394 cr | 9.0% | 1.0x |
| 2024-06 | 12.6x | ₹12394 cr | 9.0% | 1.0x |
| 2024-05 | 16.0x | ₹9677 cr | 7.0% | 1.0x |
| 2024-04 | 17.0x | ₹9677 cr | 7.0% | 1.0x |
| 2024-03 | 15.7x | ₹9677 cr | 7.0% | 1.0x |
| 2024-02 | 17.0x | ₹9677 cr | 7.0% | 1.0x |
| 2024-01 | 17.0x | ₹9677 cr | 7.0% | 1.0x |
| 2023-12 | 18.2x | ₹9677 cr | 7.0% | 1.0x |
| 2023-11 | 15.3x | ₹9677 cr | 7.0% | 1.0x |
| 2023-10 | 14.4x | ₹9677 cr | 7.0% | 1.0x |
| 2023-09 | 16.5x | ₹9677 cr | 7.0% | 1.0x |
| 2023-08 | 15.6x | ₹9677 cr | 7.0% | 1.0x |
| 2023-07 | 14.9x | ₹9677 cr | 7.0% | 1.0x |
| 2023-06 | 11.9x | ₹9677 cr | 7.0% | 1.0x |
| 2023-05 | — | ₹8445 cr | -1.0% | 0.9x |
| 2023-04 | — | ₹8445 cr | -1.0% | 0.9x |
| 2023-03 | — | ₹8445 cr | -1.0% | 0.9x |
| 2023-02 | — | ₹8445 cr | -1.0% | 0.9x |
| 2023-01 | — | ₹8445 cr | -1.0% | 0.9x |
| 2022-12 | — | ₹8445 cr | -1.0% | 0.9x |
| 2022-11 | — | ₹8445 cr | -1.0% | 0.9x |
| 2022-10 | — | ₹8445 cr | -1.0% | 0.9x |
| 2022-09 | — | ₹8445 cr | -1.0% | 0.9x |
| 2022-08 | — | ₹8445 cr | -1.0% | 0.9x |
| 2022-07 | — | ₹8445 cr | -1.0% | 0.9x |
| 2022-06 | — | ₹8445 cr | -1.0% | 0.9x |
| 2022-05 | 12.7x | ₹8676 cr | 5.0% | 0.9x |
| 2022-04 | 13.6x | ₹8676 cr | 5.0% | 0.9x |
| 2022-03 | 14.7x | ₹8676 cr | 5.0% | 0.9x |
| 2022-02 | 15.1x | ₹8676 cr | 5.0% | 0.9x |
| 2022-01 | 16.8x | ₹8676 cr | 5.0% | 0.9x |
| 2021-12 | 14.4x | ₹8676 cr | 5.0% | 0.9x |
| 2021-11 | 20.6x | ₹8676 cr | 5.0% | 0.9x |
| 2021-10 | 20.4x | ₹8676 cr | 5.0% | 0.9x |
| 2021-09 | 21.6x | ₹8676 cr | 5.0% | 0.9x |
| 2021-08 | 18.7x | ₹8676 cr | 5.0% | 0.9x |
| 2021-07 | 21.8x | ₹8676 cr | 5.0% | 0.9x |
| 2021-06 | 23.8x | ₹8676 cr | 5.0% | 0.9x |
| 2021-05 | 21.8x | ₹8779 cr | 6.0% | 1.6x |
| 2021-04 | 18.9x | ₹8779 cr | 6.0% | 1.6x |
| 2021-03 | 21.1x | ₹8779 cr | 6.0% | 1.6x |
| 2021-02 | 24.0x | ₹8779 cr | 6.0% | 1.6x |
| 2021-01 | 21.7x | ₹8779 cr | 6.0% | 1.6x |
| 2020-12 | 23.5x | ₹8779 cr | 6.0% | 1.6x |
| 2020-11 | 22.8x | ₹8779 cr | 6.0% | 1.6x |
| 2020-10 | 17.7x | ₹8779 cr | 6.0% | 1.6x |
| 2020-09 | 17.3x | ₹8779 cr | 6.0% | 1.6x |
| 2020-08 | 19.9x | ₹8779 cr | 6.0% | 1.6x |
| 2020-07 | 17.2x | ₹8779 cr | 6.0% | 1.6x |
| 2020-06 | 17.7x | ₹8779 cr | 6.0% | 1.6x |
| 2020-05 | 6.0x | ₹6302 cr | 12.0% | 1.6x |
| 2020-04 | 6.6x | ₹6302 cr | 12.0% | 1.6x |
| 2020-03 | 6.7x | ₹6302 cr | 12.0% | 1.6x |
| 2020-02 | 14.5x | ₹6302 cr | 12.0% | 1.6x |
| 2020-01 | 15.8x | ₹6302 cr | 12.0% | 1.6x |
| 2019-12 | 17.2x | ₹6302 cr | 12.0% | 1.6x |
| 2019-11 | 18.6x | ₹6302 cr | 12.0% | 1.6x |
| 2019-10 | 15.4x | ₹6302 cr | 12.0% | 1.6x |
| 2019-09 | 16.4x | ₹6302 cr | 12.0% | 1.6x |
| 2019-08 | 16.3x | ₹6302 cr | 12.0% | 1.6x |
| 2019-07 | 20.1x | ₹6302 cr | 12.0% | 1.6x |
| 2019-06 | 31.8x | ₹6302 cr | 12.0% | 1.6x |
| 2019-05 | 45.7x | ₹4561 cr | 11.0% | 1.4x |
| 2019-04 | 45.1x | ₹4561 cr | 11.0% | 1.4x |
| 2019-03 | 45.2x | ₹4561 cr | 11.0% | 1.4x |
| 2019-02 | 38.4x | ₹4561 cr | 11.0% | 1.4x |
| 2019-01 | 37.8x | ₹4561 cr | 11.0% | 1.4x |