RBL Bank expects a dip in new credit cards, spends in FY21

bankRBL Bank expects a dip in new credit cards, spends in FY21

MUMBAI: RBL BankNSE -5.54 %, which derives 18 per cent of its loan portfolio from credit cards, is expecting new plastic issuances to halve and a fall in spends as well in FY21 but is confident of the overall revenues from the segment remaining intact, a senior official has said.

However, the economic climate will result in an increase in credit costs, or money being set aside for possible loan losses, by over 30 per cent in the cards segment, the official told .

Usually, banks have a ..

Read more at:
https://economictimes.indiatimes.com/industry/banking/finance/banking/rbl-bank-expects-dip-in-new-credit-cards-spends-in-fy21/articleshow/75787754.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

MUMBAI: RBL BankNSE -5.54 %, which derives 18 percent of its loan portfolio from credit cards, is expecting new plastic issuances to halve and a fall in spends as well in FY21 but is confident of the overall revenues from the segment remaining intact, a senior official has said. However, the economic climate will result in an increase in credit costs, or money being set aside for possible loan losses, by over 30 per cent in the cards segment, the official told .

Usually, banks have a  ..

Read more at:
https://economictimes.indiatimes.com/industry/banking/finance/banking/rbl-bank-expects-dip-in-new-credit-cards-spends-in-fy21/articleshow/75787754.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

MUMBAI: RBL BankNSE -5.54 %, which derives 18 per cent of its loan portfolio from credit cards, is expecting new plastic issuances to halve and a fall in spends as well in FY21 but is confident of the overall revenues from the segment remaining intact, a senior official has said. However, the economic climate will result in an increase in credit costs, or money being set aside for possible loan losses, by over 30 per cent in the cards segment, the official told .

Usually, banks have a  ..

Read more at:
https://economictimes.indiatimes.com/industry/banking/finance/banking/rbl-bank-expects-dip-in-new-credit-cards-spends-in-fy21/articleshow/75787754.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
MUMBAI: RBL BankNSE -5.54 %, which derives 18 per cent of its loan portfolio from credit cards, is expecting new plastic issuances to halve and a fall in spends as well in FY21 but is confident of the overall revenues from the segment remaining intact, a senior official has said. However, the economic climate will result in an increase in credit costs, or money being set aside for possible loan losses, by over 30 per cent in the cards segment, the official told .

Usually, banks have a  ..

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