“Bullish on RBL Bank with a target price of ₹400, representing an 11% upside. The loan book is projected to grow 23% YoY in Q1FY27, driven by healthy growth in wholesale, commercial banking, LAP, and gold loans. While NIM may soften near-term, lower deposit requirements could reverse the trend over FY27.”

Motilal Oswal Analysis’s track record: 6 graded calls · 95% CI 19–81%