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    No new corporate stress this year; LAP, cards impacted: RBL’s Ahuja

    All calculations are within our guided credit costs, which is similar to last year because corporate side stress is not going to be there.

    Synopsis

    RBL Bank’s 1,566-crore capital raising plan is intended to take advantage of opportunities in a post-Covid-19 world, CEO Vishwavir Ahuja said.

    In an interview with Joel Rebello, Ahuja said though loan growth was likely to remain flat in the current financial year, the bank expects it to recover next year. Edited excerpts:What does the capital raising plan mean for the bank?This is the seventh capital raise for the bank since we began in 2011. This is not a defensive capital raise. At a 16.40% capital adequacy ratio and maintaining profitable operations with adequate pre-provision
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    The Economic Times