India's RBL Bank nears one-year high as Citi expects earnings rebound in first-quarter

RBL Bank

30/06/2025 06:56

** RBL Bank RATB.NS stock climbs 3.7% to 248.27 rupees, nears one-year high

** Citi starts 90-day catalyst watch on lender's stock and hikes PT to 285 rupees from 230 rupees, implying 15.4% upside to RATB's current price

** Says return on assets to improve 45-50 bps driven by credit cost normalisation

** Adds, slippage to moderate to 4.5% in Q1 from 4.7% in Q4 with stress in credit cards vertical to also subside

** Avg rating on RATB at "buy"; median PT is 220 rupees - data compiled by LSEG

** Stock extends YTD gains to nearly 57%

 (Reporting by Kashish Tandon in Bengaluru)

 ((Kashish.tandon@thomsonreuters.com))