RBL Bank Warns of Continued Credit Card Slippages for Next Two Quarters

• RBL Bank anticipates credit card slippages to persist for the next two quarters, despite improving leading indicators.
• Gold loan disbursals show strong momentum, with monthly branch-led disbursals at ₹225–250 crore.
• The bank reported a net profit of ₹214 crore for the December quarter, missing estimates but significantly up year-on-year.
• Asset quality improved, with gross NPAs falling to 1.88% and net NPAs to 0.55%.
• RBL Bank is moderating risk, aiming to reduce its unsecured book to 25% or lower, and focusing on retail secured assets and granular deposits.

Why It Matters: RBL Bank expects credit card stress to continue, but sees growth in gold loans and improved asset quality.