RO­BUST GROWTH IN PROF­ITS

RBL Bank BSE Code: 540065 CMP: ₹538

Dalal Street Investment Journal - - KERBSIDE -

Af­ter hav­ing a dream run since the list­ing day, this pri­vate bank still looks a de­cent buy at the cur­rent lev­els. In the June quar­ter, bank’s loan growth stood at 40 per cent and gross non-per­form­ing as­sets at 1.46 per cent. With ro­bust growth in prof­its, strong loan growth and bet­ter as­set qual­ity com­pared to its peers, this is a per­fect bet to par­tic­i­pate in the pri­vate bank­ing story in India. Keep an eye on this stock as this stock could de­liver de­cent re­turns.

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