RBL Bank Share Price Gains as Citi Retains Buy Rating With Rs 390 Target on Strong Advances Growth

RBL Bank share price CMP Rs 368.40, up 1.99%. Citi retains buy, target Rs 390. Gross advances up 21% YoY. Deposits fell 10% QoQ on deliberate wholesale reduction.

Updated: 6 Jul 2026 • 4:26 pm

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RBL Bank Share Price Gains as Citi Retains Buy Rating With Rs 390 Target on Strong Advances Growth

RBL Bank share price rose 1.99 percent to Rs 368.40 on 6 July 2026 after Citi retained its buy rating on the private lender with a target price of Rs 390. The brokerage’s note highlights gross advances growing 21 percent year on year and 2 percent quarter on quarter, led by wholesale and secured retail lending.

Citi’s note also flags that wholesale advances rose a sharper 37 percent year on year and 10 percent quarter on quarter, with commercial banking up 34 percent year on year, even as the bank deliberately reduced wholesale deposits following its Emirates NBD fund infusion.

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Table of Contents

About RBL Bank

RBL Bank is a private sector lender offering personal and corporate banking, loans and digital banking solutions, having recently undergone a significant capital infusion and strategic investment from Emirates NBD.

Why RBL Bank Share Price Is in Focus Today

RBL Bank share price is in focus because Citi’s maintained buy rating and Rs 390 target reflect continued brokerage confidence in the bank’s credit growth trajectory following its recent capital strengthening. Investors tracking RBL Bank share price can view live quotes and fundamentals on the Univest stock page for RBL Bank before assessing the note.

Strong Wholesale and Commercial Banking Growth

Citi’s note highlights that wholesale advances rose 37 percent year on year and 10 percent quarter on quarter, while commercial banking advances grew 34 percent year on year, both significantly outpacing the bank’s overall 21 percent YoY advances growth, indicating these segments are the primary drivers of RBL Bank’s credit expansion.

Deliberate Deposit Reduction After ENBD Infusion

Deposits fell 10 percent quarter on quarter, which Citi attributes to the bank deliberately reducing wholesale deposits following the Emirates NBD fund infusion, a strategic shift toward more granular, lower cost retail liabilities. Despite this reduction, granular deposits rose 13 percent year on year, and the bank’s Liquidity Coverage Ratio improved to 133 percent.

Citi’s RBL Bank Note Summary

The table below summarises the key points from Citi’s note.

Parameter	Detail
Rating	Buy (maintained)
Target Price	Rs 390
Gross Advances Growth	+21% YoY, +2% QoQ
Wholesale Advances Growth	+37% YoY, +10% QoQ
Deposits	-10% QoQ (deliberate reduction)
Liquidity Coverage Ratio	133%

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RBL Bank Share Price and Recent Performance

RBL Bank share price touched an intraday high of Rs 368.90 and a low of Rs 357.25 during the session. Trading volumes stood at 303,194 shares, compared to the five day average of 292,351 shares, an increase of 3.71 percent, as the stock built on its recent momentum following the ENBD capital infusion news.

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What This Note Means for RBL Bank

Citi’s continued buy rating despite the sharp sequential deposit decline suggests the brokerage views the deliberate wholesale deposit reduction as a healthy strategic repositioning rather than a cause for concern, particularly given the bank’s improved liquidity coverage and granular deposit growth. The strong wholesale and commercial banking growth momentum will be a key theme to watch in the bank’s full quarterly results.

Conclusion

RBL Bank share price rose 1.99 percent on 6 July 2026 after Citi retained its buy rating with a target price of Rs 390, citing 21 percent YoY advances growth and a deliberate deposit reduction following the ENBD infusion. The stock was trading around Rs 368.40 during the session. Track the full quarterly results for further confirmation and consult a SEBI registered advisor before making any investment decision.

Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).

Frequently Asked Questions on RBL Bank Share Price

Why is RBL Bank share price in focus today?

Ans. RBL Bank share price is in focus because Citi retained its buy rating with a target price of Rs 390, citing 21 percent YoY gross advances growth led by wholesale and secured retail lending.

What is Citi’s target price for RBL Bank?

Ans. Citi has retained a buy rating on RBL Bank with a target price of Rs 390.

Why did RBL Bank’s deposits fall in the June quarter?

Ans. RBL Bank’s deposits fell 10 percent quarter on quarter because the bank deliberately reduced wholesale deposits following its Emirates NBD fund infusion, shifting toward more granular retail liabilities.

How much did RBL Bank’s wholesale advances grow?

Ans. RBL Bank’s wholesale advances rose 37 percent YoY and 10 percent QoQ, while commercial banking advances grew 34 percent YoY, according to Citi’s note.

What was RBL Bank share price on 6 July 2026?

Ans. RBL Bank share price was quoting at Rs 368.40, up 1.99 percent, after touching an intraday high of Rs 368.90 and a low of Rs 357.25.

Is RBL Bank share price a buy based on this Citi note?

Ans. This article does not constitute investment advice. Review the bank’s full financials and consult a SEBI registered financial advisor before making any investment decision.