RBRBL Bank540065Private sector banking

RBL Bank's Q2 profit nearly tripled and asset quality improved, but the street is divided between bullish and bearish brokerage views, and the stock was under pressure

By ScoutQuest · Tue 13 Oct 2026, 3:44 PM IST · 1 min read

Citi target price

505

IIFL target price

475

CLSA/Goldman target price

310

Margin improvement

48 basis points

CLSA flagged profit miss

15 percent

Heard on business television between 15:50:58 - 15:53:58 IST.

• Profit nearly tripled YoY and margins improved around 48 basis points; asset quality recovering.
• Citi maintained buy with target price of 505, citing margin expansion, strong operating profit growth, and improving credit card stress, expecting loan growth above 35% in FY27 and above 20% in FY28-29.
• IIFL also bullish with buy and target of 475, expecting earnings to compound at 30% FY26-29 and ROA to improve to 1.5% from Q4.
• CLSA and Goldman Sachs bearish with target of 310; CLSA flagged a 15% profit miss due to higher credit costs and said 8-9% medium-term ROE doesn't justify valuations.
• Goldman Sachs noted reported profit grew 2.7x YoY but EPS grew just 7%, reflecting dilution from the capital raise.
• Guest Deep Mehta called it an okay, in-line set of numbers but flagged medium-term competition and margin pressure challenges for the banking sector broadly.

The call above is Citi's, reported here as they made it. Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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