RBL Bank Ltd.

NSE: RBLBANK | BSE: 540065 | ISIN: INE976G01028 | Industry: Banks
| Turnaround Potential

275.20
-0.74%
Motilal Oswal
RBK reported a decent 3QFY22, amid heightened concerns after the management change last month, with net earnings of INR1.56b (a 10 quarter high) and supported by a 35% QoQ decline in provisions. Business trends were mixed, with the loan book growing by 4% QoQ, while the deposit portfolio declined sequentially. Margin improved by 28bp QoQ to 4.34%, led by a decline in funding cost, while the C/I ratio rose sharply to 61.3% on higher business expenses. Fresh slippages fell 37% QoQ to INR7.66b largely from the Retail portfolio...
RBL Bank Ltd. is trading at high day volume of 38.7M.
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