ECONOMY

RBL Bank Q4 Review – Asset Quality Ratios Improve; Higher Provisioning Drives Earnings Miss: 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.

RBL Bank Ltd. reported weak earnings in Q4 FY21, affected by elevated provisions and tepid net interest income growth.

The management increased provisioning in its delinquent unsecured portfolio.

On the business front, deposit growth picked up sequentially led by current account and savings account, while loan growth improved QoQ.

However, growth in its credit cards portfolio remains muted.

The management hinted at a change in business strategy, with increasing focus towards home, two-wheeler, tractor, and gold loans, while de-risking its loan book by pruning the mix of unsecured portfolio other than credit cards/micro finance institution.

Click on the attachment to read the full report:

Motilal Oswal RBL Bank Q4FY21 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.

Most Related Links :
usnewsmail Governmental News Finance News

Source link

Back to top button