RBRBL Bank540065Banking

Multiple brokerages weighed in on RBL Bank with mixed ratings after muted retail loan growth and mixed asset quality trends

By ScoutQuest · Tue 13 Oct 2026, 9:32 AM IST · 1 min read

Goldman Sachs target price

310 rupees

ICICI Securities target price

460 rupees

ICICI Securities prior target

430 rupees

Other brokerage target price

400 rupees

Deposit growth change

down 1 percent sequentially

Heard on business television between 09:38:29 - 09:41:29 IST.

• Goldman Sachs maintained a sell rating but hiked target price to 310 rupees, citing muted retail loan growth, strong FCNR flows boosting earnings, deposit growth down 1% sequentially, and NIM up 48 basis points driven by equity capital raise.
• CLSA maintained underperform with target price of 310 rupees, saying risk-adjusted loan spreads are under pressure and performance does not justify current multiples.
• ICICI Securities downgraded the stock to add from buy but raised target price to 460 from 430, saying growth is partly captured in valuations.
• Another brokerage (Kotak) downgraded to reduce from add with a target of 400, citing valuations running ahead of optimism.
• Anchor noted the stock was taking a hit on the day.

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