RBL Bank reported a 24% decline in net profit to Rs 223 crore in the September quarter, mainly due to asset quality challenges in its credit card and microlending books. The bank expects credit card challenges to stabilize by Q3, while microfinance issues may persist longer.
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RBI relaxes rules for micro credit, non-bank lenders
- staff
- February 26, 2025
- 0
The RBI has eased restrictions on lending to non-bank finance companies and microfinance institutions by lowering risk weights for bank credit. This move aims to […]