RBL Bank Sees Margin Pressure Ahead as FCNR Deposits Fully Flow Through, CEO Says
RBL Bank posted a sharp rise in September-quarter net profit, supported by strong loan growth, higher deposits and a 37% jump in net interest income to Rs 2,131 crore. Chief Executive R. Subramaniakumar said margins are likely to moderate next quarter as FCNR(B) deposits fully work through the balance sheet, even as the bank continues to scale advances and deposits at a brisk pace.
