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By CNBCTV18.com Jan 20, 2023 7:58:29 PM IST (Published)
The private bank's net interest income beat expectations, rising nearly 14 percent. RBL Bank's shares ended nearly 1.6 percent higher on the Bombay Stock Exchange on Friday, January 20, at Rs 169.9 apiece.
RBL Bank reported a 34 percent increase in its standalone profit at Rs 209 crore in the December quarter, up from last year's Rs 156 crore. However, it was 3.2 percent lower than Street expectations.
Its net interest income was up nearly 14 percent at Rs 1,148 crore, from last year's Rs 1,010.4 crore. This exceeded Street expectations by 3.5 percent.
