Maintain BUY with a TP of Rs 582 (3x Mar-20E ABV of Rs 194). RBL Bank (RBK) delivered across parameters, again. Best-in-class growth (+37% YoY) and robust fees (+33%) drove net earnings (~Rs 1.8bn, +37% YoY). NIM jumped for the 8th successive quarter, just shy of 4% (up 46/9bps YoY/QoQ) with the retail thrust.