Buy RBL Bank, target price Rs 270: Motilal Oswal

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Buy RBL Bank, target price Rs 270:  Motilal Oswal


Motilal Oswal has buy call on with a target price of Rs 270. The current market price of RBL Bank Ltd. is Rs 219.1.

RBL Bank Ltd., incorporated in the year 1943, is a banking company (having a market cap of Rs 13075.86 Crore).

Financials
The Bank reported a Gross Non Performing Assets (Gross NPAs) of Rs 1050.21 Crore (.00 % of total assets) and Net Non Performing Assets (Net NPAs) of Rs 402.46 Crore (.00% of total assets). For the quarter ended 31-12-2020, the company reported a Consolidated Interest Income of Rs 1646.03 Crore, down -4.96 % from last quarter Interest Income of Rs 1731.94 Crore and down -9.95 % from last year same quarter Interest Income of Rs 1827.88 Crore. The bank reported net profit after tax of Rs 146.88 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of Dec 30, 2020, while FIIs held 35.2 per cent, DIIs 24.7 per cent and public and others 40.2 per cent.





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