India's RBL Bank falls as brokerages flag NII pressure, elevated slippages

RBL Bank

20/07/2026 07:09

** Shares of private lender RBL Bank RATB.NS fall as much as 2.58% despite a 27% rise in June-quarter profit, as brokerages flagged pressure on net interest income and elevated slippages in credit cards and personal loans 
** CLSA downgrades RATB to "underperform" from "hold" and reduces price target to 310 rupees from 320 rupees
** "Slippages, primarily in the credit card and personal loans portfolio, remain elevated," says CLSA, cutting financial year 2027-2029 profit estimates by 1%-5%
** Investec terms the quarterly performance "soft" and cuts FY2027 and 2028 profit estimates by 9% and 5%, projecting a "slightly lower NII"
** Credit card portfolio "continues to bleed, with slippages high (up 19% QoQ)," says Axis Capital
** Average rating of 20 analysts tracking RATB is "buy"; median price target is 365 rupees, according to data compiled by LSEG
** RATB shares have climbed 15.7% in 2026 so far, outperforming the 3.2% drop in the private bank index .NIFPVTBNK, exchange data shows 


 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))