Description

RBL Bank clarifies that news reports about negotiations to onboard 160 million Zerodha clients are incorrect and denies any undisclosed material information.

Summary

RBL Bank Limited has issued a clarification to BSE regarding a news article published in Financial Express on October 25, 2025, titled “RBL in talks to onboard 160 million Zerodha clients.” The bank explicitly states that the contents of the article are incorrect. While the bank routinely explores business and partnership opportunities in the ordinary course of business, no material information requiring disclosure under Regulation 30 of SEBI Listing Regulations exists at this stage.

Key Points

  • News article dated October 25, 2025 claimed RBL Bank was in talks to onboard 160 million Zerodha clients
  • RBL Bank categorically denies the accuracy of the news report
  • The bank confirms it explores business opportunities routinely but states such discussions do not warrant disclosure
  • No undisclosed material information exists that could explain any trading movement
  • Bank affirms commitment to highest standards of governance and compliance with Regulation 30 of Listing Regulations
  • No regulatory or legal proceedings are applicable with respect to this news item

Regulatory Changes

No regulatory changes announced in this circular.

Compliance Requirements

  • RBL Bank confirms continued adherence to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Bank commits to informing stock exchanges of any material events as required under Regulation 30
  • Standard disclosure protocols remain in place for material business developments

Important Dates

  • October 25, 2025: Date of Financial Express article
  • October 27, 2025: Date of RBL Bank’s clarification to BSE

Impact Assessment

Market Impact: Low - This clarification addresses speculative news reports and should help stabilize any trading volatility caused by the original article. The bank’s denial of material undisclosed information provides clarity to investors.

Operational Impact: None - No actual business development or partnership is being announced or denied beyond the specific claims in the news article.

Investor Impact: The clarification helps investors understand that no material negotiations with Zerodha are underway as reported, preventing potential misinformation from affecting investment decisions. The bank’s reaffirmation of compliance standards provides confidence in its disclosure practices.

Impact Justification

Clarification addresses market speculation but confirms no material event requiring disclosure; routine response to media reports with no operational impact