HomeEarnings NewsRBL Bank's Q1 profit increases 35% to Rs 190 crore

RBL Bank's Q1 profit increases 35% to Rs 190 crore

 RBL Bank today reported 34.76 per cent jump in net profit at Rs 190.04 crore for the first quarter of the current fiscal.

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By PTI July 19, 2018, 1:21:35 PM IST (Updated)

RBL Bank's Q1 profit increases 35% to Rs 190 crore
RBL Bank today reported 34.76 percent jump in net profit at Rs 190.04 crore for the first quarter of the current fiscal.


The private sector bank had registered a net profit of Rs 141.02 crore during the April-June quarter of previous fiscal.

Its total revenue for the June quarter of 2018-19 increased by 30.04 percent to Rs 1,690.19 crore compared to Rs 1,299.7 crore in the year-ago period, the bank said in a regulatory filing.

RBL Bank's Net Interest Income (NII) grew by 46 percent to Rs 552.70 crore during the quarter under review. Its Net Interest Margin (NIM) stood at 4.04 percent as against 3.54 percent, in the first quarter of 2017-18.

RBL Bank's gross non performing assets (NPAs) decreased to 1.40 percent as on June 30, 2018, as against 1.46 percent a year ago.

Net NPA decreased to 0.75 percent as at June 30, 2018 against 0.81 percent as at June 30, 2017.

Net advances as at June 30, 2018 stood at Rs 42,198.09 crore as compared to Rs 31,108.03 crore as at June 30, 2017, a growth of 36 percent, the private sector lender said.

Shares of the bank were trading 2.47 percent down at Rs 551 on BSE.
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