Nirmal Bang Retains 'Sell' On RBL Bank Says Higher Unsecured Loan Exposure A Key Concern
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Nirmal Bang Retains 'Sell' On RBL Bank Says Higher Unsecured Loan Exposure A Key Concern
The brokerage has valued RBL Bank at 0.7x Mar-27E adjusted book value (as against 0.5x Mar-27E ABV earlier) deriving a target price of Rs 200 (Rs 155 earlier). Its target multiple is at a 15% discount to the past five-year average multiple of 0.82x. NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer …
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