Stories
RBL Bank Q2 Profit Surges 170% on Strong Core Income and Improved Asset Quality
- •RBL Bank reported a net profit of ₹481.7 crore for the second quarter, marking a 170% jump from ₹179 crore a year ago.
- •Net interest income increased by 37.4% year-on-year to ₹2,131 crore, driven by strong growth in core income.
- •Asset quality showed improvement as gross non-performing assets dropped to 1.02% and net non-performing assets fell to 0.29%.
- •Net advances grew 42% year-on-year to ₹1,42,314 crore, while total deposits surged 34% to ₹1,56,272 crore.
- •The bank expanded its distribution network to 1,954 touchpoints across the country by the end of September.
Key Questions Answered
RBL Bank reported a net profit of ₹481.7 crore for the second quarter of FY27, surging 170% from ₹179 crore a year earlier. This robust performance was driven by a 37.4% year-on-year increase in net interest income (NII) to ₹2,131 crore and a notable improvement in overall asset quality.
The bank's asset quality improved as gross non-performing assets (GNPA) declined to 1.02% from 1.3% in the previous quarter, while net non-performing assets (NNPA) dropped to 0.29% from 0.37%. However, total provisions increased to ₹766.5 crore compared to ₹599.2 crore in the preceding quarter and ₹499.7 crore a year ago.
Net advances rose 42% year-on-year to ₹1,42,314 crore, with retail advances growing 32% to ₹79,465 crore and wholesale advances increasing 56% to ₹62,849 crore. Meanwhile, total deposits grew 34% year-on-year to reach ₹1,56,272 crore.
