RBL Bank back in black as lender posts Rs 201 cr profit in Q1

 


RBL Bank's net interest income (NII) rose 6 per cent to Rs 1027.1 crore in the quarter under review as against Rs 969.5 crore in the same period last fiscal.


RBL Bank bounced back in profit as the lender posted a consolidated net profit of Rs 201 crore for the quarter ended 30 June, 2022. The bank had posted a net loss of Rs 459 crore in the year-ago period.


RBL Bank's net interest income (NII) rose 6 per cent to Rs 1027.1 crore in the quarter under review as against Rs 969.5 crore in the same period last fiscal. Its net interest margin (NIM) stood at 4.36 per cent.


The bank's interest earned rose slightly over 3 per cent to Rs 2,089 crore in Q1FY23 n comparison with Rs 2,026 crore in Q1FY22.


Its June quarter provisions and contingencies came in at Rs 253 crore as against Rs 1,384 crore in the same quarter last fiscal.


Furthermore, on the asset quality front, RBL Bank's gross NPA stood at 4.08 per cent in this quarter as against 4.4 per cent in the previous quarter, while net NPA stood at 1.16 per cent versus 1.34 per cent in the previous quarter.


As of 30th June 2022, the Bank has 502 bank branches and 1,302 business correspondent branches, of which 289 are banking outlets. RBL Finserve Limited, a wholly-owned subsidiary of the bank, accounts for 789 business correspondent branches, the lender stated.


Commenting on the performance, R Subramaniakumar, MD&CEO, RBL Bank said “We have started the new financial year with a satisfactory performance on all fronts. The Bank completed the issuance of $100 million Tier 2 Notes in this quarter improving its capital adequacy further. Our focus would be to consolidate, leverage and optimize our existing platform so as to accelerate profitable growth of the balance sheet. We will continue to focus on our key niche areas of cards and microfinance, while accelerating the diversification across more retail products”.

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RBL Bank reports net profit of Rs 197.8 crore in Q4 as asset quality improves

 


Private sector lender RBL Bank on Thursday reported a net profit of Rs 197.8 crore for the fourth quarter ended March 31, 2022.


In the corresponding quarter last year, the bank posted a net profit of Rs 75.3 crore. CNBC-TV18 Polls had predicted a profit of Rs 218.1 crore for the quarter under review. 


Net interest income (NII), which is the difference between the interest income a bank earns from its lending activities and the interest it pays to depositors, grew 24.9 percent YoY to Rs 1,131.4 crore against Rs 906 crore in the same period previous fiscal.


Gross NPA stood at 4.40 percent in the March quarter against 4.84 percent in the December quarter. Net NPA came at 1.34 percent against 1.95 percent quarter-on-quarter.


In monetary terms, gross NPA stood at Rs 2,728.4 crore against Rs 2,901.9 crore quarter-on-quarter (QoQ), whereas Net NPA came at Rs 806.6 crore against Rs 1,075.5 crore (QoQ).


During the quarter, the bank earned an operating profit of Rs 657 crore and for FY22, it was Rs 2,745 crore. The Provision Coverage Ratio improved 750bps sequentially to 70.4 percent against 62.9 percent as of December 31, 2021.


Commenting on the performance, Rajeev Ahuja, MD and CEO (interim), RBL Bank, said, \"This quarter has been one of stable business performance and we continued to improve in both profitability and asset quality


"We are entering the new fiscal with a relatively clean slate on asset quality, remain well capitalised and our business operating rhythm holds us in good stead to grow meaningfully in our chosen segments with improved profitability metrics,\" he added.


As of March 31, 2022, the bank has 502 bank branches and 1,418 business correspondent branches, of which 289 are banking outlets

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RBL Bank says banking operation may be hit due to 2-day strike


RBL Bank today said some of its branches would also be impacted by the strike call given by bank unions on March 28, 2022, and March 29, 2022. “The workmen unions represented by the All India Bank Officers’ Association (AIBOA), Bank Employees Federation of India (BEFI) and All India Bank Employees Association (AIBEA) had served the notice of strike declaring that their members propose to go on strike on March 28, 2022, and March 29, 2022, for the demands stated therein," the bank said in a statement.


The Ratnakar Bank Officers’ Organisation and Ratnakar Bank Employee Union of our Bank are affiliated with the AIBOA and AIBEA, respectively. RBL Bank has said the employees of the bank associated with the aforesaid unions may participate in the strike.


Private sector RBL Bank this week said the Reserve Bank has granted an extension of three months to its interim MD and CEO Rajeev Ahuja. "We wish to further inform that on request of the Bank, RBI vide its letter dated March 17, 2022, has approved the extension of the term of Rajeev Ahuja, interim Managing Director & CEO of the Bank for a further period of three months with effect from March 25, 2022, or till the appointment of a regular MD & CEO, whichever is earlier," RBL Bank said in a regulatory filing.


On December 30, 2021, the private sector lender had said the Reserve Bank had approved the appointment of Ahuja as interim managing director (MD) and CEO for a period of three months with effect from December 25, 2021, or till the appointment of a regular MD and CEO. The RBL Bank stock closed at ₹136.45, up ₹3.1 or 2.32 per cent, on the National Stock Exchange on Friday.

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RBL Bank Q3 Results: Lender reports 6% rise in net profit on growth in NII

 


RBL Bank on Thursday reported a 6 per cent rise in net profit led by growth in net interest income (NII) despite a rise in expenses as the bank increased its branch presence during the quarter.

Net profit rose to Rs 156 crore in the quarter ended December 2021 from Rs 147 crore a year earlier mainly due to a 11 per cent growth in NII to Rs 1,010 crore from Rs 908 crore a year earlier.

Total operating expenses rose 46 per cent to Rs 1,000 crore in December 2021 from Rs 683 crore a year earlier reflecting the increase in operation, technology, people and compliance costs as the bank added 90 branches between September 2021 and January 2022 to take total branches beyond 500.

A 16 per cent rise in wholesale loans made up for the 6 per cent fall in retail loans as the bank consciously went slow on micro finance and small business loans due to the uncertainty caused by the rise in Covid infections during the quarter.

CEO Rajeev Ahuja said he expects retail loans to pick up next fiscal in line with the economic recovery and as the bank uses its expanded presence to ramp up loans including in micro finance.

The bank's advances increased 3 per cent year on year to Rs 58,141 crore. Retail loans make up 53 per cent of the bank's loan book and Ahuja expects it to increase to more than 60 per cent in the next three years.

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RBL Bank reports 34% drop in Q4 net profit as provisions rise


Private sector lender RBL Bank Ltd on Tuesday reported a net profit of ₹75.3 crore for the three months to March, down 34% from the same period last year owing to lower net interest income and higher provisions.


Its profits were lower than ₹102 crore estimated by a Bloomberg poll of seven analysts. The bank’s total provisions stood at ₹766 crore in Q4 FY21, up 27.5% from the same period last year.


The bank’s net interest margin (NIM), a key measure of profitability, stood at 4.17% in the March quarter, down 2 basis points (bps) sequentially. Its net interest income (NII) or the difference between interest earned and expended declined 11% y-o-y to ₹906 crore in Q4 FY21. The bank said there was an interest reversal of ₹85 crore in Q4 and a similar quantum in Q3 as well. That apart, Q4 also saw an additional burden of ₹13 crore for compound interest waiver for the six-month moratorium period.


As a percentage of total loans, gross non-performing assets (NPAs) stood at 4.34%, compared to 1.84% in the previous quarter. Its net NPAs were at 2.12% in the March quarter, compared to 0.71% in the previous quarter.


“We are confident of managing future asset quality outcome at prudential level. We therefore are well positioned for decent growth in FY22 and beyond," said Vishwavir Ahuja, chief executive, RBL Bank.


Ahuja said that having recognized and adequately provide for the stress emanating from identified pool of corporate accounts in FY20, the slippages during FY21, were primarily, almost 80%, from the retail segment owing to the impact of covid-19.


RBL Bank’s total deposits rose 26% y-o-y to ₹73,121 crore in Q4 FY21. Its current and savings account (Casa) deposits grew 36% y-o-y and ₹23,264 crore in the March quarter. Its net advances stood at ₹58,623 crore as on 31 March 2021, up 1% y-o-y. Retail loans witnessed a growth of 13% in Q4 FY21 against the same period last year.

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RBL Bank Q3 results: Net profit rises 110%, asset quality improves


Private sector RBL Bank on Thursday posted a 110% rise in its net profit year-on-year at Rs.147.1 crore in the quarter ended December 31, 2020. In the corresponding quarter, the Mumbai-headquartered bank posted a net profit of Rs.6,995 crore.

Its total revenue grew by 6% year-on-year to Rs.1,488 crore as against Rs.1,388 crore a year ago, RBL Bank said in a regulatory filing. The net interest income fell 2% to Rs.932 crore.

The bank's gross non-performing assets fell to 1.84% of the gross advances at the December quarter, compared to 3.33% in the corresponding quarter last year. Net NPAs also fell 0.71% as against 2.07% in the year-ago period.

The December-quarter provisions and contingencies stood at Rs.610 crore versus 623 crore year ago.

RBL also said that its Q3 asset quality improved on a sequential basis in absolute as well as percentage terms.

"COVID-19 is a global pandemic, which continues to spread across the globe and has contributed to increase in volatility in financial markets and an unprecedented level of disruption on socio-economic activities. The extent to which the COVID-19 pandemic will impact the Bank's operations and asset quality will depend on future developments, which are highly uncertain," the private lender said in a regulatory filing.

During the quarter and nine months ended December 31, 2020, the bank has raised additional capital of Rs.156,600 lakh on preferential basis through an issuance of 88,474,577 fresh equity share of face value of Rs.10 each at a price of Rs.177.

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RBL Bank Q4 net profit declines 53.7%

Private lender RBL Bank on Thursday reported a 53.7 percent year-on-year (YoY) decline in net profit at Rs 114.4 crore for the fourth quarter ended March 31.

In the corresponding quarter last year, the bank posted a net profit of Rs 247 crore. CNBC-TV18 Polls had predicted a net profit of Rs 105.2 crore for the quarter under review.

The bank’s total revenue for the quarter was Rs 1,522 crore, up 33 percent YOY from Rs 1,148 crore, operating profit for the quarter was Rs 765 crore, up 37 percent YOY from Rs 560 crore in Q4FY19. The bank’s cost to income for Q4FY20 at 49.7 percent against 51.2 percent for Q4FY19.

For FY20, total revenue for the quarter was Rs 5,540 crore, up 39 percent YOY from Rs 3,982 crore, the operating profit grew 42 percent YOY to Rs 2,752 crore from Rs 1,940 crore in FY19. The bank’s cost to income for FY20 at 50.3 percent against 51.3 percent for FY19. Net profit for FY20 stood at Rs 506 crore.

The bank’s net interest income (NII) grew 38 percent YOY to Rs 1,021 crore during Q4FY20 from Rs 739 crore in Q4FY19. NII for FY20 grew 43 percent YOY to Rs 3,630 crore from Rs 2,539 crore in FY19. Net interest margin for Q4FY20 was 4.93 percent, NIM for FY20 stood at 4.56 percent.

Non-Interest Income for Q4FY20 grew 22 percent to Rs 501 crore. Core fee income for Q4FY20 grew 21 percent QOQ to Rs 470 crore. Non-Wholesale fees constituted 78 percent of the bank’s total fee income.

For FY20, non-interest income grew 32 percent YOY and stood at Rs 1,910 crore, of which core fee income grew 29 percent YOY to Rs 1,743 crore. Non-Wholesale fees constituted 73 percent of the bank’s total fee income.

The total deposits reduced by 1 percent YOY and stood at Rs 57,812 crore. CASA deposits grew by 17 percent YOY & 2 percent QOQ to Rs 17,116 crore. The share of Retail Term Deposits and CASA in the Total Deposits was 59 percent as of March 31, 2020.

The bank’s advances grew 7 percent YOY to Rs 58,019 crore as on March 31, 2020. Non-Wholesale advances grew 35 percent YOY to Rs 32,525 crore and accounted for 56 percent of the net advances of the bank.

Capital Adequacy Ratio as per BASEL III Capital regulations as at March 31, 2020 was 16.45 percent against 13.46 percent as at March 31, 2019.

The gross NPA ratio was 3.62 percent as at March 31, 2020 as against 3.33 percent as at December 31, 2019. The net NPA ratio was 2.05 percent as at March 31, 2020 as against 2.07 percent as at December 31, 2019. The bank’s provisioning coverage ratio stood at 64.04 percent as at March 31, 2020 as against 58.07 percent as at December 31, 2019.
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RBL bank Q3 net profit dips 69%


Private sector lender RBL Bank Ltd on Wednesday reported a 69% on a year-on-year (y-o-y) decline in its net profit to 70 crore for the three months ended December, largely because of a surge in provisions.

The bank’s total provisions almost quadrupled y-o-y to ₹638 crore in Q3 FY20. Sequentially, provisions rose 20% from ₹533 crore in the September quarter of the current fiscal.

Net interest income – difference between interest earned and interest expended – stood at ₹923 crore, up 41% from the same period last year. The bank’s net interest margin, a key measure of profitability, was at 4.57% in Q3, up 45 basis points (bps) y-o-y.

Vishwavir Ahuja, chief executive, RBL Bank Ltd, in a statement, said, “challenges in a few corporate accounts and related provisioning requirements have impacted the bottomlime for the quarter".

The bank’s asset quality deteriorated in the December quarter, with gross bad loans as a percentage of total loans moving up 195 bps y-o-y to 3.33%. On an absolute basis, gross non-performing assets (NPAs) almost trebled y-o-y to ₹2,010 crore. The bank’s net NPA ratio was up 135 bps y-o-y.

“We are digesting this short-term pain and are looking to put this behind us over the next few months," said Ahuja.

In an interview to Mint on 17 January, Ahuja had said that despite not having exposure in some well-known cases of bad debt, the bank still faced trouble in three to four accounts. “We were not in Infrastructure Leasing & Financial Services (IL&FS), DHFL, Essar, Cox and Kings, CG Power, or Jet Airways and many others. However, we still got caught in 3-4 cases, which were all double AA companies," Ahuja had said.

Meanwhile, RBL Bank witnessed a net credit growth of 20% y-o-y to ₹59,635 crore. Its total deposits grew 21% y-o-y to ₹62,907 crore at the end of the December quarter and the current and saving accounts (CASA) ratio rose to 26.79%, up 222 bps.

As of 31 December, 2019, the bank’s capital adequacy under Basel III stood at 15.66%. In the quarter under review, RBL Bank raised equity capital of ₹2,701 crore.

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RBL Bank Q2 profit falls 73%

Private sector lender RBL Bank's July-September quarter profit fell sharply by 73.4 percent year-on-year due to a sharp spike in provisions, and asset quality also deteriorated sequentially.

Profit during the quarter declined to Rs 54.31 crore, against Rs 204.54 crore reported in the year-ago period. Other income (up 32.5 percent) and pre-provision operating profit (up 41.6 percent) continued to support profitability in Q2.

The lender had highlighted a few months ago, given the difficult corporate credit environment it had faced challenges in a few corporate accounts.

"As a matter of prudence, we have taken higher than required provisions on these accounts which have impacted our bottomline," Vishwavir Ahuja, MD & CEO, RBL Bank said.

The bank expects to return to normalised earnings trajectory by end of this fiscal, he added.
But net interest income remained strong at Rs 868.69 crore for the quarter ended September 2019, rising 46.5 percent compared to year-ago.

Advances grew by 27 percent year-on-year and deposits growth stood at 31 percent in Q2 with CASA ratio improving to 26.45 percent as of September 2019 from 24.51 percent in the same period last year.

Asset quality deteriorated sharply during the quarter with gross non-performing assets (NPA) as a percentage of gross advances rising 122bps sequentially to 2.6 percent and net NPA climbing 91bps QoQ to 1.56 percent in Q2.

The bank expects stress of Rs 1,800 crore in books, including from 4 groups. Approximately Rs 800 crore of Rs 1,800 crore has been recognised as NPA in Q2," it said.

Provisions and contingencies increased significantly to Rs 533.3 crore in the quarter ended September 2019, against Rs 139.68 crore in the same period last year and Rs 213.18 crore in June quarter this year.

"Total outstanding of real estate approximately Rs 2,500 crore is fully secured. We don't have real estate account case in SMA 1 or SMA 2 in this portfolio," RBL said.

Total outstanding of the construction sector is approximately Rs 4,000 crore and outstanding from housing finance companies is approximately Rs 900 crore, with an average ticket size of Rs 115 crore, it added.

Profit missed analyst expectations due to higher provisions, but net interest income beat estimates. Profit was estimated at Rs 186 crore and net interest income at Rs 820.4 crore for the quarter, according to a poll of analysts conducted by CNBC-TV18.
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RBL Bank Q1 net profit rises 40.5%

RBL Bank on Friday said its first-quarter net profit rose 40.52% on the back of higher net interest income and other income.
The bank posted a net profit of Rs.267.05 crore for the three months ended 30 June, against Rs.190.04 crore in the year-ago period. Profit was higher than Rs.262 crore estimated by a Bloomberg poll of 12 analysts.
Net interest income, or the difference between interest earned on loans and that paid on deposits, increased 47.88% to Rs.817.32 crore during the quarter, from Rs.552.7 crore in the corresponding period last year.
Other income, which includes core fee income, rose 47.62% to Rs.481.21 crore in the three months from Rs.325.97 crore a year ago.
Gross non-performing assets (NPAs), as a percentage of total advances, were at 1.38% in the June quarter, and 1.40% in the year-ago period.
Provisions during the quarter increased 51.89% to Rs.213.18 crore, from Rs.140.35 crore in the year-ago quarter. During the January-March period, the bank had set aside Rs.199.97 crore in provisions.
Post-provision, the net NPA ratio was at 0.65%, against 0.69% in the March quarter, and 0.75% in the year-ago period.
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RBL Bank Q4 net surges 39%

RBL Bank Ltd on Thursday reported a 38.77% increase in its March quarter net profit due to higher net interest and other income.
Net profit for the quarter stood at Rs.247.18 crore, up 38.77% from Rs.178.12 crore a year ago. Analysts expected the bank to post a profit of Rs.246 crore, according to a Bloomberg poll.
Net interest income (NII), or the core income a bank earns by giving loans, was up 47.61% to Rs.738.72 crore versus Rs.500.46 crore last year. Other income was at Rs.409.23 crore, up 31.18% from Rs.311.98 crore a year ago.
Provisions and contingencies surged 77.18% to Rs.199.97 crore in the quarter from Rs.112.86 crore a year ago.
Gross non-performing assets (NPAs) rose 33.15% to Rs.754.62 crore at the end of the March quarter from Rs.566.73 crore in the same quarter last year.
As a percentage of total loans, gross NPAs stood at 1.38%, as compared to 1.38% in the previous quarter and 1.4% in the same quarter a year ago. Net NPAs were at 0.69% in the March quarter compared to 0.72% in the previous quarter and 0.78% in the same quarter last year.
Deposits rose 33.01% to Rs.58,394 crore while advances increased 34.87% to Rs.54,308 crore.
RBL Bank's board recommended dividend of Rs.2.70 per equity share and also approved raising of funds aggregating up toRs.3,500 crore.
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RBL Bank Q3 net profit rise 36%

Private sector lender RBL Bank’s net profit rose by 36 per cent at Rs 225.2 crore for the third quarter ended December 2018, on the back of improvement in interest margins and robust other income. 

The lender had posted a net profit of Rs 165.3 crore in the October-December 2017 (Q3FY18).


The RBL stock was trading 2.4 per cent lower at Rs 560 a share on BSE.

Its Net Interest Income (NII), or interest earnings minus expenses, was up by 40 per cent to 655.1 crore. The Net Interest Margins (NIM) rose to 4.12 per cent for Q3Fy19 from 3.89 per cent for Q3FY18, RBL said in a statement.

The other income consisting of revenues from treasury operations, fees and commissions etc grew by 40 per cent to Rs 374 crore for Q3FY19. 

The bank, which is a medium sized lender in the Indian banking space, reported a 35 per cent rise in its loan book at Rs 49,892 crore, and its deposits were also by 35 per cent at Rs 52,187 crore at end of December 2018.

Also read- Q3FY19 Results of all Public & Private Sector banks in India 

Reflecting better cost management, the private lender's cost-to-income ratio stood at 51.6 per cent in reporting quarter, compared with 54 per cent in same quarter in Fy18.


Its asset quality also improved, with gross non-performing asset (NPA) ratio at 1.38 per cent, compared with 1.56 per cent in Q3FY18. The Net NPA ratio also improved to 0.72 per cent from at 0.97 per cent in Q3 FY18. The provision coverage ratio was better at 63.22 per cent from 52.54 per cent in Q3 FY18.

RBL's capital adequacy ratio stood at 12.86 per cent against 15.03 per cent as at December 31, 2017.
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RBL Bank Q2 profit rises 36%

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.
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RBL Bank Q1 net profit rises 35%

RBL Bank Ltd on Thursday reported a 34.8% year on year increase in its June quarter net profit due to higher net interest income and other income. Net profit for the quarter stood at Rs 190.04 crore against Rs 141.02 crore a year ago. According to 7 Bloomberg analysts’ estimate, the bank was expected to post a profit of Rs 191 crore.
Net interest income (NII), or the core income a bank earns by giving loans, was up 46.07% to Rs552.70 crore versus Rs378.38 crore last year. Other income surged 26.9% to Rs 325.97 crore.
Provisions and contingencies rose 48.58% to Rs140.35 crore in the quarter from Rs94.46 crore a year ago. On a quarter-on-quarter basis, they increased 24.4% from Rs112.86 crore.

Gross non-performing assets (NPAs) surged 30.2% to Rs595.94 crore at the end of the June quarter from Rs457.81 crore in the same quarter last year.
As a percentage of total loans, gross NPAs stood at 1.4% as compared to 1.4% in the previous quarter and 1.46% in the year-ago quarter. Net NPAs were at 0.75% in the June quarter compared to 0.78% in the previous quarter and 0.81% in the same quarter last year.
Advances for the quarter grew 36% to Rs 42,198 crore, while deposits rose 27% to Rs 44,950 crore. Net interest margin rose to 4.04% against 3.54% a quarter ago.
“In the quarter gone by, we have crossed the important milestone of 4% in net interest margins. We have been able to maintain our growth momentum inspite of macro headwinds and continue to demonstrate profitable growth while maintaining robust asset quality”, said Vishwavir Ahuja managing director and chief executive officer of the bank.
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RBL Bank Q4 result, profit rises 37%

Private sector lender RBL Bank on Friday
reported a rise of 37% in its net profit at Rs178.12 crore for the quarter ended March 2018.
Its net profit in the corresponding January-March quarter of 2016-17 stood at Rs130.13 crore. Net interest income (NII) in the March quarter increased by 42% to Rs500.46 crore from a year ago, while income from other sources moved up by 32% to Rs311.98 crore, the bank said in a regulatory filing.
Total income increased to Rs1,534.69 crore during the March quarter of 2017-18 from Rs1,222.87 crore in the same period of the previous fiscal. For the entire 2017-18 fiscal, bank’s net profit rose to Rs635.09 crore as against Rs446.05 crore in the preceding year, an increase of 42%.
Its full-year income rose to Rs5,575.76 crore in 2017-18 from Rs4,468.62 crore in preceding year. NII rose by 45% to Rs1,766.29 crore and income from other sources were up 41% to Rs1,068.19 crore during the year.

The net interest margin—a key gauge of profitability—for the year improved to 3.80% from 3.29% in 2016-17. “Bank’s growth in advances portfolio continued to be robust at 37 per cent on year-on-year basis,” said the lender in the filing.
Gross NPA increased to 1.40% of the gross advances as on 31 March 2018, against 1.20% as on 31 March 2017. Net NPA increased to 0.78% from 0.64%. In value terms, gross NPAs were Rs566.73 crore by the end of March 2018 as against Rs356.84 crore a year ago.
Net NPAs stood at Rs312.56 crore, compared to Rs189.94 crore. Net advances as on 31 March 2018 stood at Rs40,267.84 crore as compared to Rs29,449.04 crore in the previous year, a growth of 37%, the bank said.

The consolidated net profit for the year ended 31 March 2018 was Rs631.69 crore, up 41%, over the previous year. “In the year gone by...We have been able to maintain our strong growth momentum across all our various business segments with good asset quality and are tracking well to our Vision 2020 goals. At the same time, we continue to invest in the franchise to enhance our technology and other capabilities, distribution footprint, deepening customer relationships and offering quality products and services,” said Vishwavir Ahuja, managing director and chief executive officer (CEO), RBL Bank.
The board of directors of the bank at its meeting recommended dividend of Rs2.10 per equity share payable subject to shareholders approval, the RBL Bank said.
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RBL Bank Q3 result, profit up 28%

Private-sector lender RBL Bank’s net profit for the quarter ended December 2017 rose by 28 per cent to Rs 1.65 billion (Rs 165 crore) backed by rising in net interest and other income. This was against a net profit of Rs 1.28 billion (Rs 128 crore) in the previous year’s corresponding quarter.
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RBL Bank Q2 net profit up 68%

Private sector lender has posted a 68 per cent rise in net profit at Rs 150 crore in secondquarter ended September 2017 (Q2 FY18) on improvement in the interest margins and other income.


It had posted net profit of Rs 90 crore in July-September 2016 (Q2 FY17).


Its net interest income rose 39 per cent to Rs 420 crore in Q2 FY18 from Rs 302 crore a year ago period. The net interest margin (NIM) improved by 33 basis points to 3.74 per cent in Q2 FY18 from 3.41 per cent in Q2 FY16.
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RBL Bank Q1 result, net rises 45%

RBL Bank on Thursday reported a jump of 44.9% in net profit at Rs141.02 crore for the first quarter ended June on healthy growth in core income.
The private bank had registered a net profit of Rs97.34 crore during the April-June quarter of previous fiscal. Total revenue for the June quarter of 2017-18 increased by 26% to Rs1,299.70 crore compared to Rs 1,031.23 crore in the same quarter last year, the bank said in a regulatory filing.
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RBL Bank Q4 result, Profit increase 55% at Rs130.13 crore

RBL Bank Ltd, formerly known as Ratnakar Bank, reported a 55% increase in profit for the March quarter on higher interest income.Profit rose to Rs130.13 crore in the three months to March from Rs84.18 crore a year ago.

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Top 10 Private Banks in India 2017

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