RBL Bank Q2 rises almost 7-fold to Rs 202 cr

Private sector lender RBL Bank reported a near seven-fold rise in net profit for the September quarter at Rs 202 crore against Rs 31 crore in the year ago period, largely owing to a 63% fall in provisions at Rs 241 crore.

The bank's net interest income rose 16% at Rs 1,064 crore while net interest margin was at 4.55%

Operating profit, however, fell 26% at Rs 512 crore.


The bank's gross NPA ratio improved to 3.80% at the end of September from 4.08% three months back. Net NPA ratio was 1.26% vs 1.16%.

The bank's advances rose 12% year-on-year to Rs Rs 62,942 crore while total deposits grew 5% to Rs. 79,404 crore.