RBL Bank Limited — Q1FY27 earnings call summary

Filed 22 July 2026 · Official transcript

Elevated credit costs in co-brand portfolio expected to normalize by Q1 FY26
Profitability of credit card business expected to stabilize as direct sourcing scales
Credit card portfolio growth guided at 10-15% medium term
No material financial impact expected from ending Bajaj partnership
Customer retention and spend patterns expected stable post partnership
New co-brand partners target mass affluent customers with better economics
RBL Bank ended fresh credit card sourcing with Bajaj Finance, servicing 3.4mn co-brand cards continues
Direct sourcing now 35%, targeted to reach 50% in coming quarters; new co-brand partners onboarded