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RBL Bank Profit Surges 170% on Strong Loan Growth
12 Oct
Summary
- Net profit climbed to ₹482 crore, a 170% year-on-year increase.
- Net interest income grew 37% year-on-year, boosting profitability.
- Advances saw robust 42% year-on-year growth, fueling profit.
RBL Bank, a subsidiary of Emirates NBD, announced a substantial 2.7-fold year-on-year increase in net profit, reaching ₹482 crore for the July-September quarter of FY27. This performance was driven by strong growth in net interest income, which rose 37% year-on-year to ₹2,131 crore, supported by a robust 42% increase in advances to ₹1.42 trillion.
The bank's net interest margin expanded to 4.61%, and other income saw a 16% year-on-year rise. Despite a 53% year-on-year increase in provisions and slippages primarily from unsecured retail loans, asset quality indicators improved. Gross non-performing asset ratio fell to 1.02% and net NPA ratio to 0.29%.
Total deposits grew 34% year-on-year to ₹1.56 trillion, with CASA deposits increasing by 14%. RBL Bank also successfully mobilized $3.4 billion through the RBI's FCNR(B) swap facility. CEO R Subramaniakumar highlighted the franchise's resilience and growth across assets and liabilities.
