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RBL Bank's September-quarter standalone profit is ₹482 crore against ₹180 crore

RBL Bank posted a standalone net profit of ₹482 crore for the September quarter, up from ₹180 crore a year earlier. Revenue was ₹4,320 crore against ₹3,510 crore.

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What happened

  • Standalone net profit was ₹482 crore against ₹180 crore in the same quarter last year, according to Sahi. Revenue was ₹4,320 crore, up from ₹3,510 crore.
  • Gross NPA fell 28 basis points on the quarter to 1.02% and net NPA fell 8 basis points to 0.29%, per Sahi.
  • ScanX's round-up gave net interest margin as 4.61%, gross advances up 40% on the year to ₹1,433.5 billion and deposits up 34%.
  • The shares closed at ₹417.70 on Monday, down 0.07%.

Why it matters

Sahi's headline gives last year's profit as ₹180 crore and its text as ₹179 crore; ScanX reports a 169% rise.

Good to know: Net interest margin is the gap between what a lender earns on loans and what it pays on deposits, as a share of its earning assets.

Key facts

Standalone net profit
₹482 crore (₹180 crore a year earlier)
Revenue
₹4,320 crore (₹3,510 crore)
Gross / net NPA
1.02% / 0.29%
Net interest margin
4.61% (per ScanX)

Read the source

This is a summary of public news about RBL Bank, for information only. It is not a recommendation to buy, sell or hold RBLBANK.

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