We're moving away from volatile corporate bulk deposits: RBL Bank MD & CEO

In a Q&A, R Subramaniakumar dwells on the lender's strategy to fuel growth in credit cards and microfinance, and plans to mop up deposits in an increasingly difficult market

Instead of depending on corporate bulk deposits which come with their share of volatility, RBL Bank is looking at granular growth of liabilities, MD & CEO R Subramaniakumar said in an interview to Bhaskar Dutta of Business Standard. Edited excerpts:

You have provided a guidance of 15 per cent loan growth in the current year and 20 per cent for the next. Which are the focus areas?

Traditionally, the bank has been growing in two niche areas--credit cards and microfinance. The growth in the microfinance space commenced late June of this year. This quarter we did about Rs 1,800 crore