Jay Thakkar of Anand Rathi has a sell call on RBL Bank Ltd. with a target price of Rs 309.0 . The current price of RBL Bank Ltd. is Rs 329.45 . Jay Thakkar recommended to keep a stoploss at Rs 339 .
RBL Bank Ltd., incorporated in the year 1943, is a banking company (having a market cap of Rs 16745.14 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), Interest On Balances with RBI and Other Inter-Bank Funds which contributed Rs 111.24 Crore to Sales Value (1.76 % 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).
For the quarter ended 31-12-2019, the company has reported a Consolidated Interest Income of Rs 1827.88 Crore, up 2.43 % from last quarter Interest Income of Rs 1784.52 Crore and up 37.39 % from last year same quarter Interest Income of Rs 1330.41 Crore. The bank has reported net profit after tax of Rs 66.49 Crore in latest quarter.
Source: Economic Times
