Citi Maintains Buy Rating on RBL Bank with ₹390 Target Price Amid Strong Growth Metrics
Citi maintains Buy rating on RBL Bank with ₹390 target price, citing strong 22% YoY advance growth led by secured retail surge and 25% deposit growth with CASA improving to 33.60%. The bank showed enhanced liquidity metrics with improved LCR and lower LDR, along with stabilized unsecured retail portfolio and RBI approval for ENBD. However, RoA is expected to remain capped at approximately 0.60% due to elevated credit costs impacting profitability despite operational improvements.