January 11, 2025
Home » ICICI Securities has a Hold on RBL Bank, reduces target price Rs 160 Jobbery Stock Market update
ICICI Securities has a Hold on RBL Bank, reduces target price Rs 160

ICICI Securities maintains a hold rating on RBL Bank, targeting Rs 160, amidst concerns over growth and profitability. RBL is ending its co-branded credit card partnership with Bajaj Finance, impacting incremental sourcing. Despite these changes, RBL’s financial performance showed improvement with a 19.85% year-over-year rise in total income for Q2FY25.

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