Mutual Funds double down on RBL Bank shares in Q1 but retail sells

Shares of private sector lender RBL Bank Ltd. are trading with gains on Wednesday, July 16, after the June quarter shareholding pattern revealed a notable increase in mutual fund holdings since March 2025. Mutual funds now hold a 29.2% stake in the stock, up from 15.3% in March.

Foreign portfolio investors (FPIs) have also raised their stake to 17.6% in June, compared to 14.4% in March.

Meanwhile, retail investors have trimmed their holdings to 28.7% from 38.7% over the same period.
The stake held by foreign companies has declined to 3.5% in June 2025 from 7.4% in March.

Recently, global brokerage firm Citi opened a 90-day positive catalyst watch on the RBL Bank stock. Citi maintained a ‘Buy’ recommendation on RBL Bank, and raised its price target to ₹285 from ₹230 earlier.

The foreign brokerage expects RBL Bank’s return on assets (RoA) trajectory to improve by 45-50 basis points driven by much awaited normalisation of credit cost.

RBL Bank shares are currently trading 2.13% higher on Wednesday at ₹268.88. The stock has jumped over 70% so far this year.