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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.
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