RBL Bank – Better quarter; gathering pace – Q2FY27
Update – Accumulate TP: INR 480 Upside: 15% MUMBAI, 13 OCTOBER: RBL Bank (RBK IN) delivered a strong Q2FY27, with PAT at INR 4.8bn (~170% YoY/90% QoQ), led by: (i) full-quarter benefit of the capital raise and the large FCNR(B) deposit mobilization, lifting NII by 37% YoY/29% QoQ and (ii) tight opex control. Asset quality…
