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Buy RBL Bank, target price Rs 227: ICICI Direct

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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.



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