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RBL Bank reported a 68 per cent jump in second quarter net profit at ₹151 crore against ₹90 crore in the year-ago period.
Net interest income (interest earned less interest expended) was up 39 per cent year-on-year (y-o-y) at ₹420 crore.
Other income rose 43 per cent y-o-y to ₹241 crore.
Vishwavir Ahuja, MD and CEO, said “all guns were firing and firing well...interest income, non-interest income and all the various businesses have grown well and grown profitably.
“...Our recent capital raise also keeps us in good stead to capitalise on opportunities in expanding our scale and footprint through digital offerings and partnerships.”
Net interest margin improved to 3.74 per cent in the reporting quarter against 3.41 per cent in the year-ago quarter.
Deposits grew 31 per cent to ₹36,569 crore.
The proportion of low-cost current account, savings account (CASA) deposits in total deposits improved to 23.67 per cent in the reporting quarter from 19.89 per cent in the year-ago quarter.
The private sector bank’s net advances were up 35 per cent to ₹33,576 crore. The growth in the corporate and institutional segment and commercial banking (together termed as “wholesale portfolio”) was 31 per cent, while that of other segments (retail assets, development banking and financial inclusion and agriculture (together termed as “non-wholesale portfolio”) was 41 per cent.
The gross NPA ratio increased to 1.44 per cent as at September 30, 2017, from 1.10 per cent as at September 30, 2016.
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