RBL Bank Q3 Review - Asset Quality Under Pressure; Deposit Franchise Stabilizing: Motilal Oswal 

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Motilal Oswal Report

RBL Bank Ltd. reported a modest quarter on weak net interest income growth - as margins declined 15 basis point QoQ, impacted by higher interest reversal.

However, a sharp improvement in core fees, led by credit card, resulted in a profit after tax beat.

On the business front, deposit growth picked up sequentially, led by current account savings account, while loan growth was affected by continued decline in the wholesale portfolio.

The credit card business, however, picked up sharply QoQ.

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