rbl bank share price “We believe that further clarification will be required from the management to reassure investors, which is about six months before the expiry of Vishwavir Ahuja’s tenure (June 22) and the intervention of the RBI (usually Ujjivan, Dhanalakshmi, LVB, J&K Bank). As seen in weaker banks) further clarification would be required from the management to justify it. ) Brokerage firm Emkay believes that further clarification will be required from the management to reassure investors that Vishwavir Ahuja’s sudden departure about six months before the end of his tenure (June 22) and RBI’s intervention (usually Ujjivan). , Dhanalakshmi, LVB) can be seen in weak banks. , Jammu and Kashmir Bank).
rbl bank share price
According to Rajeev Akhuji, the regulator has full faith in the management and financial position of the bank. The Reserve Bank would like to state that the bank is well capitalized and its financial position remains satisfactory. While RBL Bank did not clarify the actions of the bank’s regulators, it did assure investors about its position on asset quality and profitability.
Nirmal Bank Institutional Equities also shared concerns about RBI’s move, as such a move happened in the past when the bank’s asset quality was in trouble. ICICI Securities downgraded to sell RBL shares and reduced its target price to Rs 130 from Rs 181. CLSA retained its outperformance rating for RBL Bank, but lowered its target price to Rs 200 from Rs 230. Global brokerage firms such as CLSA and Morgan Stanley lowered their price target for RBL Bank after Chief Executive Officer and Chief Executive Officer Vishveer Ahuja fell ill and the RBI immediately appointed Rajiv Ahuja as the interim CEO and CEO of the bank. appointed.
After the Reserve Bank of India (RBI) unexpectedly decided to appoint its general manager Yogesh Dayal as additional director of RBL Bank, for two years, with effect from December 24, 2021, the share price of RBL Bank fell to the bottom. Went. … Analysts became more cautious after the Reserve Bank of India appointed an additional director on the creditors committee and its boss “went on leave”, the biggest loss in 21 months. In early trade on December 27, RBL Bank’s share price hit a 52-week low of Rs 138 and the Reserve Bank of India’s Yogesh K. Dayal as an additional director to the board of directors, fell to 20%. Bank.
Subject to regulatory approval, the Board of Directors immediately appointed Rajiv Ahuja (currently Executive Director) as the interim CEO and CEO of the bank. Consequently, RBL Finserve Limited is now a 100% subsidiary of the Bank. The company was formerly called Ratnakar Bank Limited, and was renamed as RBL Bank Limited in August 2014.
The bank reported a net profit after tax of Rs 9.72 crore in the most recent quarter. Chandan Taparia has a buy on RBL Bank with a target price of Rs 212. Dolat Capital Markets has a buy call on RBL Bank with a target price of Rs 270. In a research report dated May 5, 2021, Dolat Capital Markets assigned a buy rating to RBL Bank at an estimated price of Rs 270.
RBL Bank Share Price Target 2022, 2023, 2024, 2025, 2026 and 2030
This week RblBank’s target is 181.55, 223.04 – up, 164.26, 152.15 – down. RblBank’s target forecast for Friday 21, 2022 – 219.39, 200.44, 181.48 – up and 126.42, 145.38, 164.34 – down. RblBank’s target forecast for Friday February 4, 2022 is 237.02, 209.44, 181.85 – up and 108.79, 136.38, 163.97 – down.
RblBank’s trend this week is positive, which means RblBank’s target forecast is more likely. RblBank’s trend this month is positive, which means RblBank’s target forecast is more likely. The time period specified by the analyst is the intraday period during which RBL Bank Ltd price may attain a specific target.
Stock Analysis – Know Before You Invest The stock rating of RBL Bank Ltd fell 1 on a 10-point scale in one week. RBL Bank down 2% after posting loss in Q1; Brokers maintain buy ratings.
The sudden events have created uncertainty among investors, leading to a fall in the value of banks’ shares. The lender allayed customer concerns, saying the incidents were not related to concerns about the bank’s advances, asset quality and deposit levels. However, RBL reiterated that the business is doing business as usual and does not require short-term capital. Our bank is also optimistic that activity, growth and profitability will return to normal levels in the current quarter (Q3) and we will end the financial year with good profit margins, which will put us in a good position for AF23″ RBL Bank MD and CEO Vishwavir Akhuja gave a statement.
During the quarter ended December 2020, the bank raised additional capital of Rs 1,566 crore on concessional basis by issuing 88,474,577 new shares at Rs 10 each at the rate of Rs 177 per share. The bank issued 3.26 million shares on a discounted basis at a price of Rs 515 per share. RBL Bank has attracted this additional stake from key investors, including Accion, a global financial inclusion non-profit organization that has transformed Swadhar into one of India’s top-performing lenders to low-income families and businesses. played an important role in changing
These co-branded credit cards will be provided to existing and new customers of Bajaj Finance Limited. On 30 November 2016, RBL Bank announced that it is the first bank in India to launch the Aadhaar Payment Bridge (APBS) system for microfinance loans. On November 28, 2016, RBL Bank and one of India’s most diversified NBFCs, Bajaj Finance Limited, announced a collaboration to jointly launch a range of co-branded credit cards for Indian customers. This funding will be backed by a US$5 million OPIC loan guarantee.
In addition, the company also provides online tax and bill payment services, debit cards, credit and prepaid cards, online banking, digital and online banking and merchant payment services. After the change of leadership in 2010, it has become one of the fastest growing private banks. It currently has 435 interconnected branches and 380 network ATMs in 28 states and union territories in India, serving approximately 9.8 million customers. After changing its management team in 2010, it has become one of the fastest growing private sector banks. It currently has 429 interconnected branches and 389 interconnected ATMs in 28 Indian states and union territories, serving approximately 8.4 million customers.
Motilal Oswal Financial Services Ltd pointed out that in terms of asset quality, slippage remains higher, while growth in the restructured portfolio was driven by secured corporate loans and a microbank portfolio.
He also reduced his target share price by about 28% to Rs 130. Consequently, we have reduced our target price from Rs 215 to Rs 165 in view of lower return on equity (8-10% vs FY23-24 vs 9-11). % ago) and short-term management uncertainty. We maintain our outperforming rating and have reduced our target price from Rs 230 to Rs 200 per share.
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