India · Delayed Price · Currency is INR RBL Bank Earnings Call Transcripts
Fiscal Year 2026
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Advances and deposits grew strongly year-over-year, with improved asset quality and profitability. Capital infusion from Emirates NBD is set to further strengthen growth, while credit card slippages are expected to normalize in H2 FY 2027.
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Advances and deposits grew 14% and 12% YoY, respectively, with strong gains in secured retail and commercial banking. NIM improved to 4.63%, while credit card slippages remain elevated but are expected to normalize by September FY27. Capital infusion and branch expansion are set to accelerate growth.
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A $3 billion investment by Emirates NBD will boost net worth to INR 42,000–44,500 crore, enabling accelerated growth, expanded distribution, and new business lines. Retail and wholesale segments show strong momentum, with NIMs and ROA set to improve and credit card stress expected to normalize in 1–2 quarters.
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Advances and deposits grew steadily year-over-year, with a strong shift toward granular retail deposits and secured lending. Margins and profitability were impacted by loan repricing and higher collection costs, but improvement is expected from Q3, with ROA targeted at 1% by year-end.
Fiscal Year 2025
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FY 2025 featured robust growth in secured retail and wholesale segments, offset by challenges in JLG and card portfolios, leading to higher provisioning and cautious outlook for unsecured lending. Asset quality improved, with strong capital ratios and a focus on sustainable, quality-led growth in FY 2026.
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Advances and deposits grew strongly year-over-year, with secured retail and granular deposits as key drivers. Asset quality challenges in unsecured segments led to high provisioning, but improved collection efficiency and risk controls are expected to normalize slippages from Q1 FY26.
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Advances grew 15% YoY, led by secured retail and granular deposits, but net profit fell 24% YoY due to higher provisions in cards and microfinance. Asset quality challenges are expected to ease by Q4, with credit costs normalizing and loan growth guidance maintained at 18%-20%.
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Advances grew 19% YoY and granular deposits rose 25% YoY, with net profit up 29% YoY. Asset quality remained stable despite temporary slippages in credit cards and microfinance, and guidance for loan and deposit growth remains intact.
Fiscal Year 2024
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The bank will discontinue new credit card sourcing under its co-brand partnership with Bajaj Finance, but existing cardholders will see no change in service or benefits. Profitability is expected to remain stable, with new partnerships and direct sourcing strategies in place to maintain growth and market share.