RBL Bank Q1 FY26 – Concall Highlights
🔮 Outlook & Guidance
Margins, Costs & Profitability
NIM (Net Interest Margin):
📉 Q1 expected to be the bottom.
📈 Stabilization in Q2, improvement in Q3, target 4.8% by Q4 (if no further repo cuts).
Cost of Deposits:
🔻 Expected to decline 20–25 bps in Q2.
Operating Costs:
🔄 Rationalization from Q3.
🔺 Cost growth to stay below or around 9–12%, in line with advances growth.
Credit Costs:
🎯 Guided below 2% for FY26 overall.
💳 6–7% for credit cards segment.
Return on Assets (ROA):
🎯 Targeting 1% annualized exit by FY26.
💼 Loan Growth Strategy
Overall Loan Growth:
📈 Mid-teens (YoY).
Retail Secured Loans:
🚀 Growth targeted at early to mid-20% range.
Unsecured Loans (Cards & JLG):
📊 Growth in high single digits to low teens.
Wholesale Book:
📈 Expected to grow in mid-teens.
Strategic Focus Areas:
✅ Drive growth through internal customer base with multiple product holdings.
✅ Emphasis on retail-led expansion in Tier 2/3 markets, especially in:
Affordable Housing
Loan Against Property (LAP)
SME Lending
