Adjusted PAT in-line; AIF-related provisions dent earnings

20 Jan 2024
5 Min read 
  • RBL Bank reported 3QFY24 PAT of INR2.33b, adjusted for provisions related to AIF investments.
  •  NII grew 21% YoY to INR15.4b, in line with expectations.
  •  NIMs moderated by 2bp QoQ to 5.52% in 3QFY24.
  •  Advances grew 20% YoY, driven by growth in the retail segment.
  •  Deposit growth stood at 13.5% YoY, with a CASA ratio of 33.8%.
  •  The bank cut its FY24/FY25 earnings estimates by 10%/9% and expects a RoA/RoE of 1.1%/10.3% in FY25.
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