RBL Bank Secures Stable Foreign Currency Rating from CareEdge
RBL Bank has secured a stable foreign currency rating of BBB+/Stable from CareEdge Global IFSC Limited. The rating agency assigned this grade to RBL's USD 350 million foreign currency notes, as well as its existing long-term foreign currency issuer rating and USD 1 billion Euro Medium-Term Notes (EMTN) programme.
The stable outlook reflects CareEdge Global's expectation that RBL will benefit from continued financial, managerial, and operational support from Emirates NBD Bank, which holds a 60% stake in the bank. This strong parental backing is considered a key factor in the stable rating, given RBL's strategic importance as ENBD's principal banking platform in India.
RBL's total assets stood at Rs 1,802 billion as of March 31, 2026, with a profit after tax of Rs 9 billion. The Capital Adequacy Ratio (CAR) was reported at 14.2%, while the Gross Non-Performing Asset (GNPA) ratio stood at 1.5%.