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Private sector lender RBL Bank on Saturday reported a 555 per cent jump in the December quarter net profit to Rs 214 crore, helped by a steep decline in provisions. The lender, which is set to receive a USD 3 billion fund infusion from Emirates NBD Bank, had reported a net profit of Rs 33 crore in the year-ago period and Rs 179 crore in the preceding June quarter. Its core net interest income grew 5 per cent to Rs 1,657 crore on the back of a 14 per cent increase in advances and a 0.12 per cent growth in net interest margin to 4.63 per cent. The bank's managing director and chief executive R Subramaniakumar said the tweaks in deposit rates and a shift in advances book helped expand the margins, and added that it is expected to widen further in the upcoming quarters despite the 0.25 per cent rate cut by the RBI. The overall deposits grew 12 per cent during the quarter, he said, adding that on the lending front, it recorded an increase in unsecured book for the first time in many ...
Private sector lender Federal Bank on Friday reported an 8.98 per cent improvement in net profit at Rs 1,041 crore in the third quarter ended December 2025. The bank had earned a net profit of Rs 955 crore in the same quarter a year ago. Total income increased to Rs 7,968 crore during the reporting quarter from Rs 7,725 crore in the same period a year ago, Federal Bank said in a regulatory filing. Interest income also rose to Rs 6,867 crore during the quarter under review as compared to Rs 6,809 crore in the year-ago period. Operating profit of the bank grew to Rs 1,729 crore compared to Rs 1,559 crore in the third quarter of the previous fiscal. On the asset quality front, the bank's gross non-performing assets ratio improved to 1.72 per cent as against 1.95 per cent a year ago. Similarly, net NPAs, or bad loans, came down to 0.42 per cent from 0.49 per cent at the end of the third quarter last fiscal year. However, the overall provisions, excluding tax, increased to Rs 332 cro