InvestorQ : What should I as an investor do if I have bought RBL Bank around current levels? Should I hold on with all these news floating about deposit outflows?
Arya Nanda made post

What should I as an investor do if I have bought RBL Bank around current levels? Should I hold on with all these news floating about deposit outflows?

Answer
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Deepa Salunkhe answered.
5 months ago


RBL Bank has surely corrected more than 70% from its peak price and that has been largely on the back of the concerns over all private banks. In the case of RBL Bank, there have been concerns about asset quality but that appears to be more than factored into the price. Secondly, the bank has clarified that the government withdrawing some of its deposits with the bank has been a phenomenon across private banks. However, the bank also clarified that its retail deposit base has been largely intact. For now, you should focus on holding on to the stock but keep a stop loss to protect. If things better on the global COVID-19 front, I expect most of these private banks to do well. It is more a question of when not whether.