RBL share price increases by over 2% after CLSA initiative

RBL share prices increased after foreign broking house CLSA initiated the coverage on the bank with a buy rating and has fixed the target price at Rs.330/- which means that it is 38% upside from the current levels. The RBL share price increased by over 2% on Jan 05, 2021 intraday.

RBL is expected to deliver ROE by FY23CL with 15 ability to leverage up further as credit cost are returning back to normal amid the ongoing pandemic