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Wipro 401.70↑7.60(1.93%)

RBL Bank's Q3 results: Net profit jumps 34% YoY on firm NII growth

The net NPA ratio was at 1.18 per cent as on December 31, lower than 1.26 per cent a quarter ago and 1.85 per cent a year ago

Bhaskar Dutta Mumbai

Premium

R Subramaniakumar, MD, CEO, RBL Bank

3 min read Last Updated : Jan 20 2023 | 8:14 PM IST

RBL Bank on Friday reported a 34 per cent year-on-year increase in its October-December standalone net profit to Rs 209 crore as strong growth in net interest income bolstered the private lender’s bottomline.

On a sequential basis, the private bank’s net profit registered 4 per cent growth from Rs 201.55 crore in July-September.

In October-December, RBL Bank’s net interest income grew 13.6 per cent year-on-year to Rs 1,148 crore. The net interest income is the difference between interest earned and interest expended.