RBL Bank's Q1 net profit increased 29% to ₹372 crore, with core net interest income up 20% to ₹1,700 crore.
RBL Bank reported a 29% increase in net profit to ₹372 crore in Q1, with core net interest income growing 20% to 1,700 crore and a net interest margin of 5.67%. Deposit growth reached 18%, and the bank plans to focus on secured retail products like business loans and housing loans. The overall gross non-performing assets ratio improved to 2.69%, and the bank does not have immediate plans to raise capital.
July 20, 2024
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