RBL Bank December Quarter Result: Private sector RBL Bank has released its financial results for the October-December 2024 quarter. The bank’s standalone net profit during the quarter declined 86 per cent year-on-year to Rs 32.63 crore. A year ago the profit was Rs 233.09 crore. In the information given to the stock market, the bank said that during the December quarter, its standalone income increased by 16 percent to Rs 4609.66 crore as compared to a year ago. It was Rs 3968.95 crore in the December 2023 quarter.
RBL Bank’s net interest margin stood at 4.90 percent in the December 2024 quarter. Net interest income increased 3 per cent year-on-year to Rs 1,585 crore. Operating profit increased by 30 percent year-on-year to Rs 997 crore. Operating expenses increased by 7 percent to Rs 1,662 crore compared to a year ago.
How much has asset quality improved?
According to the information given to the stock exchanges, the gross NPA ratio of RBL Bank decreased to 2.92 percent in the December 2024 quarter. It was 3.12 percent in the December 2023 quarter. Similarly, the net NPA ratio also came down to 0.53 percent, which was 0.80 percent a year ago.
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Advance and Deposit
During the December quarter, the bank’s net advances increased by 13 percent year-on-year to Rs 90,412 crore and retail advances increased by 19 percent to Rs 55,199 crore. Total deposits stood at Rs 106,753 crore, an increase of 15 per cent compared to a year ago. CASA ratio stood at 32.8 percent.