RBL Bank Q1 Review - Near-Term Earnings Growth To Be Subdued: Nirmal Bang

BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Nirmal Bang Report.RBL Bank Ltd.’s operating earnings declined by 30.9% YoY on account of muted net revenue growth and ~30% YoY jump in opex. Loan book growth was subdued at 6.6% YoY as the retail portfolio declined by 5% YoY on account of pause in micro-banking disbursements. Despite the setback in Q1 FY23, the management is confident of delivering 20% YoY loan growth in FY23. Net interest margin expansion (QoQ), adjusted for one-off in Q4 FY22, is estimated to be flat-to-negative. Going forward, NIM expansion will depend on how well the bank is able to utilize excess balance sheet liquidity and higher growth in unsecured retail portfolio (as per guidance). RBL Bank has guided for subdued growth in operating profit in the near term as building the revenue run-rate will be a rather gradual process (on the back of retail asset growth) while growth investments will continue apace..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

RBL Bank Q1 Review - Near-Term Earnings Growth To Be Subdued: Nirmal Bang

RBL Bank Q1 Review - Near-Term Earnings Growth To Be Subdued: Nirmal Bang

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