RBL Bank Ltd (BOM:540065)

₹ 209.65 -1.5 (-0.71%) Market Cap: 127.27 Bil Enterprise Value: 132.11 Bil PE Ratio: 9.91 PB Ratio: 0.84 GF Score: 72/100

Q1 2025 RBL Bank Ltd Earnings Call Transcript

Jul 20, 2024 / 10:30AM GMT

Transcript

Key Points

Positve

RBL Bank Ltd (BOM:540065) reported a 19% YoY growth in advances and a 31% YoY growth in retail advances.
Granular deposits grew 25% YoY and 5% sequentially, with a focus on increasing this share to over 50% in the coming quarters.
The bank's net profit for the quarter was 372 crores, up 29% YoY and 5% sequentially.
The LCR (Liquidity Coverage Ratio) was very healthy at 137% for the quarter.
The bank's GNPA improved to 2.69% from 3.2% the same time last year, and NNPA was steady at 0.74%.

Negative

Cost of deposits grew 3% YoY, indicating rising funding costs.
There was a 60 crore increase in slippages compared to Q4, partly due to the transition in collections.
Collection efficiencies dipped in April and May due to election disruptions.
The cost-income ratio increased to 65.7% this quarter from 59.3% in Q1 last year.
Credit costs for the quarter were 59 bps, up from 53 bps last quarter.

Operator

Ladies and gentlemen, good day, and welcome to RBL Bank Limited Q1 FY25 earnings conference. (Operator Instructions)

Please note that this conference is being recorded. I now hand the conference over to Mr. R Subramaniakumar, Managing Director and CEO of RBL Bank. Thank you, and over to you, Mr. Kumar.

R. Subramaniakumar

RBL Bank Ltd - Chief Executive Officer, Managing Director, Executive Director

Thank you, ma'am, and good evening, ladies and gentlemen, and thank you for joining us for a discussion on our bank's financial results for the quarter ended Q1 of 2025. We have uploaded the results along with the presentation on our website. And I hope you have had a chance to go through it in detail ahead of this call.

I am, as always, joined on this call by Rajeev Ahuja and other members of our management team to address any questions that you have. Before we get into the results for the quarter, I would like to briefly touch upon the business trends of the quarter. Happy to state that the bank is on track with the stated objective and on course

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