NIM Improvement of 30-40bps in Q2
Base effect improvement of 30-40 basis points expected in Q2 from capital infusion deployment; further upside over next 3-6 months as equity continues to be consumed.
RBLBANK / guidance tracker
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RBL Bank · forward-looking guidance across the available source record.
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Guidance tracker
What management said would happen.
margins
Credit Card Costs to ~5% by Q3
Early delinquency trends show significant signs of improvement; expect material reduction in slippages from Q3 onwards, targeting 5% handle vs current 11-12%.
ROA to Reach 1% in Q2-Q3
Full impact of capital infusion to reflect from Q2 onwards; expect 1% ROA in Q2-Q3 zone with further improvement by year-end as card credit costs normalize.
FCNR Market Share Target
Aiming to capture FCNR deposits at 2-3x current market share (~0.5%); minimum target of 1.5-2% of total FCNR market mobilization, leveraging ENBD Middle East presence.
Branch Expansion: 200 branches per year for 3 years
RBL plans to expand from ~500 current branches to 600 by March 2026, 800 by March 2027, and 1,000 by March 2028, with branches expected to become profitable within 18 months of opening.
Credit Card Asset Quality Normalization by September 2026
Management expects credit card slippages to remain elevated for two more quarters before stabilizing from September 2026, with second half FY27 showing material improvement in credit costs.
NIM Improvement: Margin to be marginally better in Q4 FY26
Despite 25 bps repo rate cut in December 2025, bank expects marginally better margins in Q4 FY26 due to continued TD repricing benefits and improved disbursements in better-yielding assets.
Credit Card Portfolio Growth: 10-15% annual growth
Bank targets sustainable 10-15% annual growth in credit card receivables, implying 5-10% quarterly growth, without chasing higher growth rates to maintain portfolio quality.
Credit card slippages to reduce to ~7-7.5% in H2 FY27
Management expects credit card slippage rate to decline to around 7-7.5% in the second half of FY27, with credit cost for the portfolio falling to ~5.5%.
NIM to be flattish in Q1 FY27, improve thereafter
Net interest margin is expected to remain stable in Q1 FY27 and then improve from Q2 onwards, aided by lower cost of deposits and capital infusion.
Branch expansion target of 150-200 new branches in FY27
The bank plans to open 150-200 branches in FY27, continuing the momentum from 52 branches added in FY26.
Deposit growth to be subdued in FY27, retail deposits to grow ~25%
Overall deposit growth will be consciously lower in FY27 as the bank uses capital infusion to reduce high-cost deposits, but retail deposits will continue to grow at around 25%.