Citi maintains buy on RBL Bank with 30% upside
pre-market1 source ↓written by the desknot a recommendation
- price target
- ₹390
- from its recent
- 30%
Brokerage firm Citi has reiterated a Buy rating on RBL Bank, setting a price target of ₹390, indicating a potential upside of 30% from its recent close. Citi anticipates growth across product verticals and easing costs of funds due to equity augmentation. However, credit card stress is expected to persist, with elevated slippages projected for the next 3-4 quarters.
Not investment advice. For informational purposes only.