RBL Bank Board Renews Approval to Raise ₹65 Billion via QIP, Debt Securities

RBL Bank Ltd. on Friday said its board has approved fresh fund-raising plans of up to ₹65 billion at its annual general meeting. The lender will look to raise up to ₹35 billion through a qualified institutional placement of shares and up to ₹30 billion via issuance of debt securities, it said in an exchange filing.

The bank had secured shareholder approval on August 7, 2024, to raise the same amount — ₹35 billion through QIP and ₹30 billion via debt securities — but the approvals were valid for 365 days and expired without the funds being raised, the filing said.

The renewed approvals provide RBL Bank another window to strengthen its capital base and support growth plans.