InvestorQ : Should I buy RBL bank at current price? It is showing good resilience.
shibaprasad kundu made post

Should I buy RBL bank at current price? It is showing good resilience.

Answer
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2 years ago
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RBL Bank had corrected nearly 60% in the last few months but the sharp fall was evident only after the problems at one of its borrowers, Café Coffee Day after its promoter died in tragic circumstances. It is a quality of banks and most of the doubtful loans are already provided for. The stock bounced from lower levels but one should wait for the stock consolidation of the price to happen.

Ideally, it would be better to wait for a few quarters as banks with doubtful asset quality have been under the radar due to divergence. Check if there are more divergences highlighted by the RBI in the next two quarters and once you are clear there is not much of concern, you can look to accumulate this stock.

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