RBRBL Bank540065Banking

RBL Bank stock fell as much as 7.6% intraday despite a good Q2, with brokerages flagging weak CASA ratio, modest underlying deposit growth, elevated provisions and rich valuations

By ScoutQuest · Tue 13 Oct 2026, 1:15 PM IST · 1 min read

CASA ratio this quarter

24 percent

CASA ratio year ago

25.2 percent

CASA ratio last quarter

28 percent

Reported deposit growth

34 percent

Underlying deposit growth ex-FCNR

1 percent QoQ

Heard on business television between 13:18:25 - 13:21:25 IST.

• CASA ratio declined to 24% from 25.2% year-on-year and from 28% last quarter.
• Reported deposit growth of 34% was largely driven by term and FCNR deposits; excluding FCNR, underlying deposit growth was just 1% QoQ.
• Reported advances growth of 42% fell to 30% excluding FCNR-linked lending; provisions rose to 766 crore rupees QoQ and YoY, with credit costs up to 63 bps from 54 bps QoQ.
• Bank insurance income (~300 crore annually) could see 50-60% impact from proposed distribution reforms; management expects NIM to decline in Q3 FY27 and opex to rise, with plans to add 1,000 branches over 2.5-3 years.
• Stock trades at 1.4x price-to-book versus 5-year average of 0.9x; Goldman Sachs maintained Sell, ICICI Securities maintained Add, Ambit/Axis Capital gave Reduce, with target prices slightly raised by Goldman Sachs and ICICI Securities; stock hit lowest level in 28 sessions, biggest single-day fall since October 2024.

The call above is Goldman Sachs's, reported here as they made it. Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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