RBL Bank Ltd, a private sector lender, reported a 234% increase in its standalone net profit for March quarter at ₹230 crore compared with the year-ago period, driven by strong momentum in granular retail advances and sustained strengthening of its deposit franchise.
Net interest income (NII) grew 7% to ₹1,671 crore, while net interest margin (NIM) moderated to 4.41% from 4.89%. Net total income rose 7% to ₹2,740 crore.
Deposits and advances growth
Total deposits grew 25% to ₹1,39,018 crore, led by a 23% rise in CASA deposits to ₹46,723 crore. Granular deposits (below ₹3 crore) increased 16% to ₹63,943 crore, reflecting improved liability franchise strength.
Net advances rose 23% to ₹1,14,232 crore. Secured retail advances grew 36% to ₹40,207 crore, while the overall retail book expanded 20% to ₹67,119 crore. Wholesale advances increased 28% to ₹47,112 crore, with commercial banking registering 30% growth.
Asset quality and capital position
The bank reported improvement in asset quality, with gross non-performing assets (GNPA) declining to 1.45% from 2.60%. However, net NPA rose to 0.39% from 0.29%. Provision coverage ratio (including technical write-offs) stood at 94.91% against 96.45% earlier.
Capital adequacy ratio was 14.25%, while the average liquidity coverage ratio remained strong at 130%.
Management commentary and outlook
“We delivered growth that meaningfully outpaced normalised industry trends. Our core operating engine remains robust, anchored in disciplined execution, a continued focus on building a profitable and resilient balance sheet, and the scaling up of cross-sell initiatives across our existing customer base,” said RBL Bank Managing Director & Chief Executive Officer R Subramaniakumar.
During the quarter, the bank received approvals from the Reserve Bank of India and the Competition Commission of India for the strategic investment by Emirates NBD PJSC, with the transaction in the final stages of closure.