Neutral on RBL Bank, target price Rs 280: Motilal Oswal

Motilal Oswal has neutral call on RBL Bank with a target price of Rs 280. The current market price of RBL Bank Ltd. is Rs 263.25.

RBL Bank Ltd., incorporated in the year 1943, is a banking company (having a market cap of Rs 16083.83 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-2023.



Financials
For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 3968.82 Crore, up 6.67 % from last quarter Total Income of Rs 3720.57 Crore and up 28.37 % from last year same quarter Total Income of Rs 3091.68 Crore. The bank reported net profit after tax of Rs 244.89 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of 31-Mar-2024, while FIIs owned 25.14 per cent, DIIs 19.25 per cent.