Today, March 4th 2025, Ratnakar Bank Limited (RBL Bank) suffered a 2% drop in its share prices. The dive after the opening bell is due to the Maharashtra GST officials’ search, which is currently underway. The officials have reported that the bank has been cooperating fully and producing everything as requested.
RBL Bank Share prices opened at Rs 155.12. And it has decreased by 2% compared to its previous close. Amidst the ongoing search and current market trends in the banking sector, should you buy, sell, or hold your shares? Let’s see what experts say.
RBL Bank Share Price in Today’s Market
At 9.18 a.m., RBL Bank shares were trading at Rs 151.89, lower by 2.1% compared to the previous close. As of 10 p.m. today, the share price stands at 156.09, which is approximately 0.6% lower than the opening rate. The current market capitalization of RBL Bank is 9,438 crores. According to Money Control, the UC Limit is 170.68, and the LC Limit is 139.65.
Company Financials
The Quarter 3 Financial Report (FY 2024-25) of RBL Bank was released on January 18th. The bank reported a net of Rs. 33 crore, a significant decrease of 86% compared to Rs. 233 crore in the same quarter of the previous year. This decline was caused because of increased provisions. The net interest income (NII) improved by 3% year-on-year to Rs. 1,585 crore. And the net interest margin (NIM) stood at 4.90% for the quarter. RBL reported a 7% growth in operating expenses, resulting in Rs. 1,662 crore.
Recent News about RBL Bank
- Three branches of RBL Bank are being searched by Maharashtra’s GST officials.
- RBL Bank has appointed Narendra Agrawal as President & Head of Branch Banking and Retail Liabilities and T.S. Pari as Chief Operations Officer (COO).
- MD & CEO R. Subramaniakumar said that these leadership changes are to ensure and accelerate progress in crucial business areas.
RBL Bank Share Price Target
According to analysts on Trendlyne, RBL Bank has an average target of 175. The consensus estimates suspect an upside of 12.58% from the last price of 155.45.
Should You Buy, Sell, Or Hold?
Analysts and experts on Money Control are divided between buying, holding and selling. While 21% of experts support buying, 16% suggest selling, and 26% recommend holding. Analysts of Trendlyne, however, are divided between holding and buying.
Before investing in RBL Bank, consider its long-term performance and consult your analyst.
