3/12/2024, 11:24:02 am

Buy RBL Bank; target of Rs 250: Emkay Global Financial

RBL Bank has ended its card partnership with BFL, and will manage the portfolio independently, aiming to reach previous run-rate by early next year, with a potential increase in near-term costs but better operating RoA in the card business. RBL Bank's earnings estimates are cut due to MFI stress, but the stock remains a BUY with a target price of Rs250.