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