Confident of being able to maintain NIM level between 3.8-4%: RBL Bank

RBL Bank was a mixed bag in Q3 as loan growth takes care of topline growth but earnings miss estimates due to deterioration in asset quality. In an interview with CNBC-TV18, Vishwavir Ahuja, MD & CEO of RBL Bank spoke about the results and his outlook for the company.

Net interest margins (NIMs) of 3.89 percent is at an all-time high and is a result of a lot of hard work that we have done over the years to make our business and operations much more efficient, he said.

We should be able to maintain the NIMs at current levels, I don’t expect any moderation in the short-term to medium-term, he added.

According to him, asset quality of a bank is improving. He also expects credit cost to be lower in next quarter.

We are confident of being able to maintain a NIM level between 3.8 percent and 4 percent, said Ahuja.

For full interview, watch accompanying video...