RBL Bank Q2 Review - Weaker Than Anticipated Growth Trends: Dolat Capital

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..Dolat Capital Report.RBL Bank Ltd.'s operating metrics and profit after tax were behind estimates, both posting a 2-4% de-growth YoY. Weak growth trends and elevated slippages resulted in lowest net interest margin in the last several quarters at 4.1%, despite continued decline in cost of fund. While slippages were on expected lines at 8.7%, restructured book increased sharply to 3.7% of loans (Rs 20 billion) against 2% in the last quarter. 17% of restructurings are from micro finance institution portfolio, 62% from other retail (mainly secured), and rest from wholesale book. Gross non-performing assets increased by 40 basis points QoQ to 5.4%.RBL Bank utilised 40% of contingency buffer during the quarter, with remaining standard buffers at 0.7% of advances. The bank has provided 13% against its restructured portfolio..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

RBL Bank Q2 Review - Weaker Than Anticipated Growth Trends: Dolat Capital

RBL Bank Q2 Review - Weaker Than Anticipated Growth Trends: Dolat Capital

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