RBL Bank Q3 Review - Asset Quality Under Pressure; Deposit Franchise Stabilizing: Motilal Oswal 
A sanitizer bottle sits on stool outside RBL Bank Nerul branch (Photo: BloombergQuint) 

RBL Bank Q3 Review - Asset Quality Under Pressure; Deposit Franchise Stabilizing: Motilal Oswal 

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 quarter on weak net interest income growth - as margins declined 15 basis point QoQ, impacted by higher interest reversal.

However, a sharp improvement in core fees, led by credit card, resulted in a profit after tax beat.

On the business front, deposit growth picked up sequentially, led by current account savings account, while loan growth was affected by continued decline in the wholesale portfolio.

The credit card business, however, picked up sharply QoQ.

Click on the attachment to read the full report:

Motilal Oswal RBL Bank Q3FY21 Result Update.pdf

DISCLAIMER

This 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.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.