RBL Bank Q3 Results: Net profit jumps 11% to Rs 233 crore, asset quality stays healthy

The bank's gross non-performing asset (NPA) stood at 3.12 percent, down from 3.61 percent recorded in the same quarter last year.

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26 Aug, 2025 12:21

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Private sector lender RBL Bank on January 19 reported an 11 percent year on year jump in net profit of Rs 233 crore for the October-December quarter of the financial year 2023-24, falling short of market estimates.

The bank's gross non-performing asset (NPA) stood at 3.12 percent, down from 3.61 percent recorded in the same quarter last year. On the other hand, net NPA for the quarter stood at 0.8 percent compared to 1.18 percent last year.

The net interest income (NII) of Rs 1546 crore, which increased by 21 percent as compared to Rs 1277 crore reported in the corresponding quarter of the previous fiscal. The NII, at Rs 1546 crore, is slightly lower as against the estimates by brokerage company Emkay of Rs 1,559.1 crore.

Net interest margin of the bank stood at 5.52 percent versus 5.27 percent in corresponding quarter last year. Sequentially, NIM marginally fell from 5.54 percent.

In line with the Reserve Bank of India's (RBI) diktat on alternative investment funds (AIFs), the bank made a provision of Rs 115 crore.

"The bank took a provision of Rs. 115 crore on AIFs as per the recent RBI circular. These investments are primarily in venture debt funds which have been made over years for building inroads into new-age digital businesses," said R Subramaniakumar, chief executive officer (CEO) and managing director (MD) in the post-results press conference.

Advances of the bank grew 20 percent YoY to Rs 79,949 crore in the quarter. The lender's retail advances book grew by 33 percent to 46,371 crore from Rs 34,977 crore in October-December FY23 quarter.

Total deposits of the bank stood at Rs 92,746 crore versus Rs 81,746 crore, growing by 13 percent. CASA deposits grew by 5 percent YoY to Rs 31,338 crore versus Rs 29,948 crore.

Shares of the bank closed for trading at Rs 265.70 apiece on BSE, nearly 1.59 percent down.