RBL Bank’s Q2 net profit jumps 170% YoY
RBL Bank reported a 170% year-on-year increase in net profit for the second quarter, reaching ₹482 crore. The growth was driven by higher net interest income and improved asset quality metrics.
Why it matters
Strong financial performance from RBL Bank reflects broader resilience in the Indian banking sector and positive economic indicators.
RBL Bank’s net profit surged 170% year-on-year (YoY) to ₹482 crore in the quarter ended September, driven by higher net interest income and improved asset quality.
Net interest income (NII) rose 37% to ₹2,131 crore, while net interest margin (NIM) stood at 4.61%. Operating profit jumped 92% to ₹1,396 crore. Operating expenses increased 3% year-on-year and 7% sequentially to ₹1,812 crore.
The bank’s net advances grew 42% YoY to ₹1.42 lakh crore, while total deposits rose 34% to ₹1.56 lakh crore. The current account and savings account (CASA) ratio stood at 27.2%.
Asset quality improved, with gross non-performing assets (GNPA) declining 131 basis points YoY to 1.02%. Net non-performing assets (NNPA) fell 28 basis points to 0.29%.
The bank’s capital adequacy ratio stood at 30.1% as of September 30, down from 33.3% in the preceding quarter.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in