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RBL Bank's Q3 results: Net profit jumps 34% YoY on firm NII growth

The net NPA ratio was at 1.18 per cent as on December 31, lower than 1.26 per cent a quarter ago and 1.85 per cent a year ago

R Subramaniakumar
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R Subramaniakumar, MD, CEO, RBL Bank

Bhaskar Dutta Mumbai
RBL Bank on Friday reported a 34 per cent year-on-year increase in its October-December standalone net profit to Rs 209 crore as strong growth in net interest income bolstered the private lender’s bottomline.

On a sequential basis, the private bank’s net profit registered 4 per cent growth from Rs 201.55 crore in July-September.

In October-December, RBL Bank’s net interest income grew 13.6 per cent year-on-year to Rs 1,148 crore. The net interest income is the difference between interest earned and interest expended.

For the quarter under review, RBL Bank’s net interest margin was at 4.74 per cent, up from 4.34

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First Published: Jan 20 2023 | 7:59 PM IST

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