scorecardresearchRBL Bank crashes near 18%, hits record low after the appointment of new MD & CEO

RBL Bank crashes near 18%, hits record low after the appointment of new MD & CEO

Updated: 13 Jun 2022, 12:27 PM IST
TL;DR.
Global broking firm CLSA downgraded the rating for RBL to outperform from Buy with a target price of 130 per share (38% upside from CMP).
RBL Bank has faced multiple issues in the last couple of years on the growth front, starting from the corporate book blow-up to the recent COVID impact on its microfinance institutions.

RBL Bank has faced multiple issues in the last couple of years on the growth front, starting from the corporate book blow-up to the recent COVID impact on its microfinance institutions.