Conference Call with RBL Bank Management and Analysts on Q3FY22 Performance and Outlook. Listen to the full earnings transcript.
Banking and Finance company RBL Bank announced Q3FY22 results: Operating performance: Total Revenue grew 10% YOY to Rs 1,630 crore Net Interest Income grew 11% YOY to Rs 1,010 crore; NIM at 4.3% Other Income was Rs 620 crore, up 8% YOY Cost to Income was 61.3% Operating profit was Rs 631 crore Net Profit was Rs 156 crore vs. Rs 31 crore in Q2FY22 CASA: Total deposits grew 10% YOY to Rs 73,639 crore CASA grew 21% YOY to Rs 25,318 crore. CASA ratio at 34.4% vs. 31.1% in Q3FY21 Retail Deposits (as per LCR definition) grew 14% YOY to Rs 27,889 crore Advances Growth: Advances book grew 3% YoY and 4% sequentially to Rs 58,141 crore Retail: Wholesale mix at 53:47 Asset quality: Gross NPA ratio and Net NPA ratio at 4.84% and 1.85% vs. 5.40% and 2.14%, respectively in Q2FY22 Provision Coverage Ratio at 62.9% vs 61.7% in Q2FY22, up 1.28% QoQ Commenting on the performance, Mr. Rajeev Ahuja, MD&CEO; (Interim), RBL Bank said, “This has been a turnaround quarter as we have seen a sharp improvement in both profitability and asset quality. Our business and advances momentum are now firmly on a positive trajectory, and we expect this to continue with retail also returning to growth. As the stress from the pandemic abates and with the overall improvement in the economic environment, we are confident of continuing and improving this performance over the next fiscal. Today, we also reached the landmark of 500 bank branches, and we plan to continue to invest in expanding our physical and digital footprint.” Result PDF