Buy RBL Bank, target price Rs 160: Motilal Oswal

RBL Bank Ltd., incorporated in the year 1943, is a banking company (having a market cap of Rs 8974.74 Crore).

By ETMarkets.com | Updated: Nov 28, 2022, 11.14 AM IST

Promoters held 0 per cent stake in the company as of 30-Jun-2022, while FIIs owned 28.5 per cent, DIIs 11.63 per cent.

Motilal Oswal has buy call on RBL Bank with a target price of Rs 160. The current market price of RBL Bank Ltd. is Rs 149.6. RBL Bank Ltd., incorporated in the year 1943, is a banking company (having a market cap of Rs 8974.74 Crore).

RBL Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest On Balances with RBI and Other Inter-Bank Funds and Interest for the year ending 31-Mar-2022.

Financials
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 2848.31 Crore, up 1.13 % from last quarter Total Income of Rs 2816.52 Crore and up 8.34 % from last year same quarter Total Income of Rs 2629.08 Crore. The bank reported net profit after tax of Rs 187.51 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of 30-Jun-2022, while FIIs owned 28.5 per cent, DIIs 11.63 per cent.

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