You are here: Home » Companies » Financial X-Ray
Better market conditions, higher output help SAIL pare debt from peak level
Street remains bullish on Escorts despite a 2.5x run since March
Business Standard

RBL Bank: Worst may be over, but near-term asset quality pressures seen

Renewed focus on MFI loans and credit cards should put the bank on growth trajectory after six quarters

Topics
RBL Bank | Indian banking sector | loans

Hamsini Karthik  |  Mumbai 



RBL bank
The bank has indicated that in its redefined form, the focus would be on credit cards and microfinance (MFI) segments | File

Once the most sought-after bank stock, RBL Bank, went out of fashion in July 2019, when its financials first indicated asset quality stress. Over the last 18 months, its stock price has fallen by over 70 per cent. With gains of 52 per cent in the last three months, the bad spell appears to have ended, thanks to the re-rating wave that has engulfed the banking stock. That said, it remains a laggard on a longer horizon and with valuations at 1x FY22 estimated book, down over 58 per cent from all-time highs, the bank in its new avatar is interestingly positioned.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Fri, January 08 2021. 17:27 IST

RECOMMENDED FOR YOU

.