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%