MFI slippages have started to moderate, and RBL Bank expects slippages from cards book to start softening from H2.
(Photo Source: Vijay Sartape/ BQ Prime)
RBL Bank reported a miss on PAT led by higher opex as the bank invested towards in-house collections in cards portfolio. Slippage ratio at 4.6% was elevated, but credit costs at 190 bps were limited as the bank had provided ~75% PCR against JLG SMA book.