RBL Bank Ltd (BOM:540065)

₹ 179 7.15 (4.17%) Market Cap: 108.23 Bil Enterprise Value: 100.94 Bil PE Ratio: 9.41 PB Ratio: 0.71 GF Score: 63/100

Q2 2023 RBL Bank Ltd Earnings Call Transcript

Oct 22, 2022 / 10:00AM GMT

Transcript

Operator

Ladies and gentlemen, good day, and welcome to RBL Bank's Q2 FY '23 Earnings Conference Call. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. R. Subramaniakumar, Managing Director and CEO, RBL Bank. Thank you, and over to you, Mr. Kumar.

R. Subramaniakumar

RBL Bank Limited - MD, CEO & Additional Director

Thank you very much. Greetings to all of you on the Diwali eve. Good evening, ladies and gentlemen, and thank you for joining us for the discussion on RBL Bank's financial results for the second quarter of FY'23. I'm joined on this call by Mr. Rajeev Ahuja, Executive Director of the Bank, and other members of our management team, who along with me will address any questions that you have.

Briefly on our results for the quarter, first, on asset quality. Our GNPA was lower quarter-on-quarter at 3.80% with net NPA at 1.26% and a provision coverage ratio of 67.8%. We had a total slippage of INR 812 crores for this quarter. Our total overall recoveries and upgrades was INR 314 crores.

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