India's RBL Bank nears one-year high as Citi expects earnings rebound in first-quarter
ReutersJun 30, 2025 5:56 AM
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%
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