RBL Bank Q2 profit rises 36% to Rs 205 crore
RBL Bank had earned a net profit of Rs 150.62 crore in the same quarter a year ago
New Delhi: Private sector RBL Bank Tuesday reported a 36% rise in its September quarter profit to Rs 204.54 crore backed by rise in interest income.
The bank had earned a net profit of Rs 150.62 crore in the same quarter a year ago.
Its core net interest income rose 41% to Rs 592.97 crore, while the non-interest income was up 38% Rs 333.11 crore.
On assets quality front, it reported a marginal decline in the gross non-performing assets (NPA) at 1.40% from the 1.44% in the year-ago period. Even the net NPA improved to 0.74% as against 0.78% at the September-end 2017.
The bank’s growth in advances portfolio rose by a 37% on year-on-year basis, RBL Bank said in a statement.
“The net advances as at 30 September 2018 were Rs 45,872.66 crore as against Rs 33,576.01 on 30 September 2017, with all-round growth observed in all business segments,” it said.
The net interest margin of the bank expanded to 4.08% from the 3.74% in the year-ago period, it said.
The capital adequacy ratio on 30 September 2018 was 13.12% and Tier-1 capital adequacy ratio was 11.84%, significantly higher than the regulatory requirements, it said.
- India’s data must be controlled by Indians, not by global corporates, says Mukesh Ambani on data colonisation
- How new TRAI rules will change your Airtel DTH, Tata Sky, Dish TV plans in 2019. List of all charges
- Mukesh Ambani vs Jeff Bezos set to begin from Gujarat
- Marco Pierre White: ‘Chefs are not geniuses or artists, they are just workers’
- Wipro Q3 profit beats estimates, revenue growth in line
Editor's Picks »
- What to expect from Q3 results of IndiGo, SpiceJet, Jet Airways
- Forget privatisation, govt has hugged its banks tighter
- Flat profit, rising debt are growing worries for Reliance
- Q3 results: HUL growth off a high base shows it’s on a roll
- DCB Bank Q3 results: Small loans give big pain as farm, mortgages lift delinquencies