Weak quarter; fresh slippages remain high

Company
21 Oct 2024
5 Min read 
  • RBL Bank had weak quarter with high provisions and slippages
  •  NII grew 9.5% YoY, but NIM moderated 32bp QoQ
  •  Fresh slippages increased to INR10.3b, mainly from microfinance and credit card segments
  •  Financials and valuations for FY24 and FY25E show a miss in earnings
  •  Management expects 3Q slippages and credit cost to be higher
  •  Bank's RoA/RoE for FY26 is estimated at 1.0%/10.7%
Login / Open Demat Account to read the report

Never Miss Out on Hot Market Updates

Get exclusive market news delivered to your inbox - on priority

Click here to see your activities