Motilal Oswal: RBL Bank’s Collection Trends Improve Across Segments In Q2; Deposit Franchise Stabilizing
Exterior of RBL Bank Nerul branch (Photo: BloombergQuint)

Motilal Oswal: RBL Bank’s Collection Trends Improve Across Segments In Q2; Deposit Franchise Stabilizing

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.

Motilal Oswal Report

RBL Bank Ltd. reported a modest Q2 FY21, led by weak net interest income growth due to margins declining 51 basis points QoQ.

Provisions stood elevated as the bank provided toward Covid-19 related provisions (Rs 3.1 billion).

On the other hand, deposit growth picked up sharply, led by current account and savings account.

The bank witnessed strong loan growth trends in both microfinance institution /credit card while wholesale portfolio continued to decline.

Click on the attachment to read the full report:

Motilal Oswal RBL Bank Q2FY21 Result Update.pdf

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