RBL Bank share price: Motilal Oswal says BUY RBL Bank, target price Rs 250
Motilal Oswal said that RBL Bank reported weak earnings in 4QFY21, affected by elevated provisions and tepid Net Interest Income (NII) growth. RBL Bank’s management increased provisioning in its delinquent unsecured portfolio. On the business front, deposit growth picked up sequentially led by CASA, while loan growth improved QoQ
RBL Bank management’s focus is on improving provision coverage by 7-10% in FY22. Currently, it remains cautious in disbursing MFI loans in key stressed states: Reuters