RBL Bank Ltd., incorporated in the year 1943, is a banking company (having a market cap of Rs 11018.53 Crore).
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 2704.90 Crore, up 2.61 % from last quarter Total Income of Rs 2636.20 Crore and down -2.80 % from last year same quarter Total Income of Rs 2782.77 Crore. The bank reported net profit after tax of Rs 75.74 Crore in latest quarter.
Investment Rationale
The brokerage maintains HOLD with a revised target price of Rs 190 (earlier: Rs 210). Key risks: 1) credit card / wholesale businesses exhibiting better stability and quality; 2) premium deposit rate weighing on NIMs.
Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of March 30, 2021, while FIIs held 35.2 per cent, DIIs 21.8 per cent and public and others 43 per cent.
