Image

Buy RBL Bank, target price Rs 227: ICICI Direct

WhatsApp Group Join Now
Telegram Group Join Now
Instagram Group Join Now



ICICI Direct has a buy call on RBL Bank with a target price of Rs 227. The current market price of RBL Bank Ltd. is Rs 225.95 . RBL Bank incorporated in 1943, is a banking company (having a market cap of Rs 13,885.71 crore). RBL Bank’s key products/revenue segments include Interest & Discount on Advances & Bills, Income From Investment, Interest and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2024.

Financial Performance

For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 4,477.91 crore, down 2.88 % from last quarter Total Income of Rs 4,610.47 crore and up 6.24 % from last year same quarter Total Income of Rs 4,214.99 crore. The bank has reported net profit after tax of Rs 86.99 crore in latest quarter.

The bank’s top management includes Mr.Prakash Chandra, Mr.R Subramaniakumar, Mr.Rajeev Ahuja, Mr.Gopal Jain, Ms.Veena Mankar, Mr.Chandan Sinha, Mr.Manjeev Singh Puri, Mr.Murali Ramakrishnan, Ms.Ranjana Agarwal, Dr.Sivakumar Gopalan, Dr.Somnath Ghosh, Mr.Buvanesh Tharashankar, Ms.Niti Arya, Mr.Prakash Gupta, Mr.Deepak Kumar. It has Haribhakti & Co. LLP as its auditoRs As on 31-03-2025, the company has a total of 60.79 crore shares outstanding.

The bank’s gross NPA% and Net NPA% have fallen continuously over the past 4-years to 2.6% and 0.29%, respectively. The company’s Net interest Margin has been increasing from last 3 consecutive years.

(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.



Source link

Releated Posts

US stocks open higher with Trump’s Middle East decision in focus

WhatsApp Group Join Now Telegram Group Join Now Instagram Group Join Now Wall Street’s main indexes opened higher…

ByByAjay jiJun 20, 2025

Arisinfra Solutions IPO subscribed 2.65 times on final day of bidding

WhatsApp Group Join Now Telegram Group Join Now Instagram Group Join Now The initial share sale of Arisinfra…

ByByAjay jiJun 20, 2025

BSE introduces AI tool to speed up SME IPO document checks

WhatsApp Group Join Now Telegram Group Join Now Instagram Group Join Now BSE has launched a new generative…

ByByAjay jiJun 20, 2025

Nithin Kamath: Why the broking business isn’t as glamorous as it seems

WhatsApp Group Join Now Telegram Group Join Now Instagram Group Join Now Zerodha co-founder Nithin Kamath has offered…

ByByAjay jiJun 20, 2025

Leave a Reply

Your email address will not be published. Required fields are marked *

Scroll to Top