RBL Bank share plunges 13%, hits 52-week low on weak Q2 results

Quick Summary:

Asset quality ratios deteriorated during the quarter as slippages were high in the credit cards and microfinance segments.

Net interest margin (NIM) slipped to 5.04 per cent for Q2FY25 from 5.54 per cent a year ago and from 5.67 per cent in June 2024.

Fresh slippages increased to Rs 1,030 crore, mainly due to the microfinance and credit card (CC) segments.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Markets NIM Q2 Net interest margin Slippages CARE Ratings RBL Bank share Unsecured portfolio CASA ratio NII Net interest income

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-21 @ 09:52:00 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 587 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23146965

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