India's RBL Bank falls on target price cut by Morgan Stanley
** Shares of private lender RBL Bank RATB.NS fall about 2% to 221 rupees
** Morgan Stanley cuts target price to 210 rupees from 260 rupees earlier, reiterates "underweight" rating
** Adds RBL Bank could be the most exposed to expected credit loss (ECL) model implementation by central bank due to its riskier loan books and lower capital
** Adds net interest margin would remain a challenge amid tight deposit growth and high competition for the sector as a whole
** Avg rating of 17 analysts covering the stock at "buy"; median PT is at 276 rupees - LSEG data
** Stock down ~20% so far this year vs a ~3% rise in Nifty private bank index .NIFPVTBNK
Reporting by Dimpal Gulwani in Bengaluru
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