RBL Bank Ltd. share price target

The earnings performance of RBL Bank (RBL) in Q2FY23, the second quarter post management change in Jun’22, was broadly stable.

Leaving the worst behind

RBL Bank Ltd. is a fast-growing private sector bank with a network of 435 branches and over 9.8 million customers. It offers various services, including corporate and institutional banking, commercial banking, retail banking,...

On the recovery path; Retain BUY'

RBK reported a decent 3QFY22, amid heightened concerns after the management change last month, with net earnings of INR1.56b (a 10 quarter high) and supported by a 35% QoQ decline in provisions. Business trends were mixed, with the loan book growing by 4% QoQ, while the deposit portfolio declined sequentially. Margin improved by 28bp QoQ to 4.34%, led by a decline in funding cost, while the C/I ratio rose sharply to 61.3% on higher business expenses. Fresh slippages fell 37% QoQ to INR7.66b largely from the Retail portfolio...

RBL Bank Ltd. is a fast-growing private sector bank with a network of 435 branches and over 9.8 million customers. It offers various services, including corporate and institutional banking, commercial banking, retail...

Shifting stock to 'Under Review'

Uncertainty looms at RBL Bank with the RBI’s appointment of Additional Director on bank’s Board and the Board accepting Mr. Vishwavir Ahuja’s (MD & CEO) leave for six months. More so, after management highlighting that these developments are not in any manner a reflection on business fundamentals or strategy of the Bank.