RBL Bank Q2 net profit rises 36% to Rs 205 cr; gross NPAs decline marginally to 1.4%

RBL Bank's core net interest income rose 41 percent to Rs 592.97 crore, while the non-interest income was up 38 percent Rs 333.11 crore

Press Trust of India October 23, 2018 14:33:07 IST
RBL Bank Q2 net profit rises 36% to Rs 205 cr; gross NPAs decline marginally to 1.4%

New Delhi: Private sector RBL Bank on Tuesday reported a 36 percent 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.

RBL Bank Q2 net profit rises 36 to Rs 205 cr gross NPAs decline marginally to 14

Representational image. Reuters.

Its core net interest income rose 41 percent to Rs 592.97 crore, while the non-interest income was up 38 percent Rs 333.11 crore.

On assets quality front, it reported a marginal decline in the gross non-performing assets (NPA) at 1.40 percent from the 1.44 percent in the year-ago period. Even the net NPA improved to 0.74 percent as against 0.78 percent at the September-end 2017.

The bank's growth in advances portfolio rose by a 37 percent 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 percent from the 3.74 percent in the year-ago period, it said.

The capital adequacy ratio on 30 September, 2018 was 13.12 percent and Tier-1 capital adequacy ratio was 11.84 percent, significantly higher than the regulatory requirements, it said.

Updated Date:

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