RBL Bank shares offer attractive risk rewards with strong upside but limited downside due to impending open offer, ICICI Securities said in its latest note. The broking firm said its meeting with the private lender's MD and CEO further strengthened its positive stance on the bank. It viewed the proposed $3 billion capital infusion from Emirates NBD as a transformational step that would lift RBL Bank’s net worth, CET1, technology capabilities, funding competitiveness and distribution reach. Advertisement

This, the domestic brokerage said, secured a long growth runway.

ICICI Securities said pro forma return on asset (RoA) for RBL Bank is expected to move to a structurally higher range above 1.5 per cent, although return on equity (RoE) would likely remain in single digits due to low leve

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