Baby Steps Towards A Stable Growth

One of the fastest growing small-sized banks, RBL Bank has continued to project consistent performance for the June quarter (Q1) of 2018–19. It has reported good results with robust business growth and a stable non-performing assets (NPAs). In two years of its inception, RBL’s business has grown 31per cent year-on-year (YoY) and NPAs at 1.40 per cent, as of June 30, 2018. Its net interest income grew 46.1 per cent YoY backed by advances growth of 35.7 per cent and net interest margin  expanded by 50 basis point (bps) YoY and six bps on Quarter-on-Quarter (QoQ) basis to 4.04 per cent for Q1. This was revealed in  a research report released by Centrum Wealth.  The RBL Bank IPO hit the bourses in August 2016 to mobilise Rs1,214 crore. The bank offered its shares in the multiple of 65 and in the price band of Rs224-225 per share. Its shares were listed at 22 per...