Buy RBL Bank, price target Rs 318: Jayesh Bhanushali

Jayesh Bhanushali of IIFL has a buy call on RBL Bank Ltd. with a target price of Rs 318.0 . The current price of RBL Bank Ltd. is Rs 295.8 . Jayesh Bhanushali recommended to keep a stoploss at Rs 279 .

RBL Bank Ltd., incorporated in the year 1943, is a banking company (having a market cap of Rs 15040.39 Crore).

RBL Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills which contributed Rs 5049.83 Crore to Sales Value (80.14 % of Total Sales), Income From Investment which contributed Rs 1093.44 Crore to Sales Value (17.35 % of Total Sales) and Interest which contributed Rs 46.20 Crore to Sales Value (0.73 % of Total Sales)for the year ending 31-Mar-2019.


The Bank has reported a Gross Non Performing Assets (Gross NPAs) of Rs 2010.48 Crore (.00 % of total assets) and Net Non Performing Assets (Net NPAs) of Rs 1236.41 Crore (.00% of total assets).