RBL Bank has declared its Q2 results.
RBL Bank Q2 Results: Its net interest income rises 9 per cent year-on-year to Rs 1,615 crore.
RBL Bank on Saturday reported a 24.15 per cent decline in its net profit to Rs 223 crore for the September 2024 quarter, compared with Rs 294 crore a year ago. Its net interest income (NII), which is the difference between interest earned and interest expended, rose 9 per cent year-on-year to Rs 1,615 crore.
Its net interest margin stood at 5.04 per cent, according to a regulatory filing.
RBL Bank’s gross NPA ratio inched up to 2.88 per cent as on September 30, 2024, compared with 2.69 per cent as on June 30, 2024, and 3.12 per cent on September 30, 2023.
Its net NPA ratio stood at 0.79 percent as on September 30, 2024, as compared to 0.74 percent as on June 30, 2024, and 0.78 percent on September 30, 2023.
