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.
Motilal Oswal Report
RBL Bank Ltd. reported a weak quarter, with net loss of Rs 4.6 billion, impacted by elevated provisions (Rs 14.3 billion) as the bank upfronted the impact of the second Covid-19 wave and shored up its provision coverage ratio to ~61%.
Business growth remains muted, impacted by a weak business environment.
On the other hand, margins are seeing a sequential uptick, aided by lower cost of funds, some excess liquidity deployment, and lower interest reversals versus Q4 FY21.
RBL Bank has suggested a change in business strategy, with an increasing focus on home loans and expansion in the credit cards business.
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