 "RBL Bank Q4 net profit rises 39% to Rs 247 crore on interest margins")
RBL Bank’s net profit rose by 39 per cent to Rs 247.2 crore for the fourth quarter ended March on the back of better interest margins and robust other income. The lender had posted a net profit of Rs 178.1 crore in Q4FY18. Its net interest income, or interest earnings minus expenses, was up by 48 per cent to Rs 738.7 crore.
The net interest margins rose to 4.23 per cent in Q4FY19 from 3.98 per cent in Q4FY18. The other income consisting of revenues from treasury operations, fees and commissions grew by 31 per cent to Rs 409.2 crore for Q4FY19. The lender has okayed fundraising up to Rs 3,500 crore of tier 1 equity capital in order to support further growth.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%