Private sector RBL Bank has registered 34.76 per cent increase in net profit at Rs 190.04 crore for the quarter ended June 30, 2018, against Rs 141.02 crore a year ago.
Total revenues of the lender increased by 30.04 per cent to Rs 1,690.19 crore compared with Rs 1,299.7 crore in the same period a year ago.
Net interest income grew 46 per cent to Rs 552.70 crore during the quarter under review. Net interest margin stood at 4.04 per cent against 3.54 per cent in the first quarter of 2017-18.
Gross NPAs eased to 1.4 per cent in the first quarter of the current fiscal, the same level as in the fourth quarter of 2017-18, but lower than 1.46 per cent in the first quarter of last fiscal.
Net NPAs was also lower at 0.75 per cent of net advances in the first quarter of the fiscal, compared with 0.81 per cent in the April-June quarter of 2017-18 and 0.78 per cent in the fourth quarter.
RBL Bank’s provisioning coverage ratio (including technical write-offs), increased to 60.41 per cent as of June 30, 2018 compared with 57.99 per cent as of June 30, 2017.