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RBL Bank reported a sharp rise in profit for the second quarter of FY27, with net profit climbing to ₹481.7 crore from ₹179 crore a year ago, as net interest income (NII) grew strongly and asset quality improved. Net interest income rose 37.4% year-on-year to ₹2,131 crore in the September quarter, compared with ₹1,551 crore in the corresponding period last year. The bank also reported an improvement in asset quality.
Gross non-performing assets (GNPA) declined to 1.02% from 1.3% in the previous quarter, while net non-performing assets (NNPA) fell to 0.29% from 0.37%. However, provisions increased to ₹766.5 crore in the September quarter from ₹599.2 crore in the preceding quarter and ₹499.7 crore a year earlier . Advances and deposits grow RBL Bank's net advances rose 42% year-on-year to ₹1,42,314 crore.
Retail advances grew 32% to ₹79,465 crore, while wholesale advances increased 56% to ₹62,849 crore. Within retail lending, secured advances grew 52%, compared with 6% growth in unsecured advances. Total deposits increased 34% year-on-year to ₹1,56,272 crore.
The current account and savings account (CASA) ratio stood at 27.2%. Granular deposits, defined as deposits below ₹3 crore, grew 16% to ₹68,877 crore and accounted for 44% of total deposits. The bank's total capital adequacy ratio stood at 30.1% as of September 30, compared with 33.3% at the end of June.
Its Common Equity Tier 1 (CET1) ratio was 29%, against 32.2% in the previous quarter. The average liquidity coverage ratio (LCR) for Q2 FY27 stood at 148%. The quarter demonstrated the strength and resilience of our franchise, with excellent growth across assets and liabilities and strong financial performance R SUBRAMANIAKUMAR, MD AND CEO OF RBL BANK He added that the bank had strengthened its funding profile through significant foreign currency non-resident bank (FCNR) deposit mobilisation, providing additional flexibility to support future growth.
Expands distribution network As of September 30, RBL Bank had 1,954 touchpoints, comprising 628 bank branches and 1,326 business correspondent branches. Of the latter, 248 were banking outlets, while its wholly owned subsidiary, RBL Finserve, accounted for 1,076 business correspondent branches. RBL Bank shares closed at ₹417.70 on the NSE on Monday, down 0.07% ahead of the earnings announcement.
Tags Home / Market News / RBL Bank Q2 results: Profit jumps 170% as core income grows, bad loans decline
Source: CNBC TV18
