India's RBL Bank slips despite fourth-quarter profit jump

RBL Bank

27/04/2026 07:13

** Shares of India's RBL Bank RATB.NS down 3.17% at 311.2 rupees

** The private lender posted a standalone net profit of 2.30 billion rupees ($24.41 million) in fourth quarter vs 687 million rupees a year earlier

** Citi ("buy", TP:390 rupees) says return on assets missed estimates due to a sharp contraction in net interest margin and higher credit costs, with margin pressures likely to persist in the near term

** Emkay ("buy", TP:375 rupees) expects bank to deliver a gradual improvement in return on assets to 0.9-1.5% over FY27-29, flags uncertainty around the ENBD deal, potential impact of West Asia tensions, and key management attrition

** RATB stock rated "buy", on avg, by 18 analysts; median PT is 344.5 rupees, according to LSEG-compiled data

** YTD, RBL stock up 5.6%

 (Reporting by Devika Nair in Bengaluru)

 ((Devika.MadhusudhananNair@thomsonreuters.com;))