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

Company

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.