RBL Bank’s September‑quarter net profit leapt to ₹482 crore, a 102% jump from ₹236 crore in the same quarter last year—doubling its earnings in a single cycle.
Interest income climbed 23%, underpinning the profit rise and signaling stronger fee‑income streams amid stable lending conditions.
CEO R Subramaniakumar confirmed a 1,000‑branch expansion plan, opening 20‑25 new outlets this quarter to deepen retail deposits and strengthen customer relationships.
The bank has mobilised ₹34,000 crore in foreign currency non‑resident deposits, with ₹10,000 crore of loan leverage—an influx that will modestly pressure net interest margins as the FCNR impact fully materialises.
Shares closed at ₹417.70 on the NSE, reflecting a 32% year‑to‑date gain; the intraday range was ₹413.80 to ₹424.00 amid a market cap of ₹64,838 crore and a P/E of 30.36.
Management projects gradual NIM moderation as FCNR earnings integrate, but remains confident in asset quality, expecting slippage to decline materially. The next earnings announcement is slated for Q4, with guidance to be released then.