RBL Bank Q3 Results: Net Profit Rises 11% to Rs 233 Crore – News18

Private sector RBL Bank on Friday reported an 11 per cent increase in its profit to Rs 233 crore in the third quarter ended in December 2023. The bank had earned a net profit of Rs 209 crore in the same quarter a year ago.

Total income increased to Rs 3,969 crore during the quarter under review against Rs 3,116 crore in the same period last year, RBL Bank said in a regulatory filing. Interest income of the bank also improved to Rs 3,191 crore during the quarter compared to Rs 2,498 crore in the same period a year ago.

The bank’s gross Non-Performing Assets (NPAs) declined to 3.12 per cent of the total loans at the end of December 2023 from 3.61 per cent a year ago. Net NPAs or bad loans also came down to 0.80 per cent from 1.18 per cent at the end of the third quarter of the previous fiscal.

(This story has not been edited by News18 staff and is published from a syndicated news agency feed – PTI)