HDFC Securities: RBL Bank Q2 Review  Some Positives, But Key Concerns Remain 
A sanitizer bottle sits on stool outside RBL Bank Nerul branch (Photo: BloombergQuint) 

HDFC Securities: RBL Bank Q2 Review  Some Positives, But Key Concerns Remain 

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

HDFC Securities Report

A strong rebound in fee income and lower-than-expected operating costs resulted in a significant earnings beat of RBL Bank Ltd.

The bank saw improving deposit (particularly retail) traction, which is creditable. The imminent capital raise is an additional positive.

We continue to expect a sharp rise in gross non-performing assets in FY21E. Credit costs will remain elevated in the near term, denting return ratios.

Click on the attachment to read the full report:

HDFC Securities - RBL Bank Q2FY21 Results Update.pdf

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