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Yes Securities Report
RBL Bank Ltd.'s gross slippages amounted to Rs 6.19 billion (annualised slippage ratio of 4.3%), with net slippages amounting to Rs 2.92 billion.
Net interest margin at 5.04% was up 70 basis points QoQ where it had a benefit of about 45-50 bps due to recognising interest income on restructured book.
Advances grew 3.2%/2.4% QoQ/YoY driven by wholesale loans, even as specific parts of retail lending displayed divergent trends.
Total opex de-grew/grew down 1.4%/37% QoQ/YoY, employee expenses grew 10%/34.8% QoQ/YoY and other expenses de-grew/grew down 5.3%/38% QoQ/YoY.
RBL Bank's core fee income fell down 7.4%/down 4.4% QoQ/YoY as there was a reversal of fee income worth Rs 500 million on cards in the late fees and over-limit buckets.
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