RBL Bank net profit up 45% to Rs 141 crore in June quarter

Rises from Rs 97 cr in the year-ago quarter, backed by an increase in interest and other income

Private lender, RBL Bank reported a net profit of Rs 141 crore for the June qaurter. This rise of 45 per cent over Rs 97 crore in year ago quarter was backed by increase in both interest and other income.

Net interest income, the difference between interest earned and interest expended, rose by 54 per cent to Rs 378 crore in the April – June quarter as compared to Rs 244 crore in the quarter ending June 30, 2016.  Other income for the quarter was Rs 257 crore as against Rs 167 crore in same period of last year, showing