INSUBCONTINENT EXCLUSIVE:
Mumbai: RBL Bank posted a 39 per cent profit growth in the March quarter on the back of robust credit growth and other income, and also laid
247 crore from Rs 178 crore, a year ago, while their consolidated loan book grew 35 per cent to Rs 54,000 crore in this period.
Net Interest
Income (NII), the difference between what it earned and what it paid for funds, increased 44 per cent to Rs 2,540 crore
agri-related assets due to farm loan waivers and tractor sale slowdown grew
Gross NPA rate remained stable at 1.38 per cent down from 1.40 per cent in March quarter last year
standard provisioning as we took additional provisions due to some stress in the agri portfolio
desire to increase it to 30 per cent over the next three years
Its fee income, a key factor that investors watch in a bank as to how it earns without putting much capital, rose 43 per cent to Rs 388
