RBL Bank's net profit surged 170% YoY to ₹481.7 crore, eclipsing the BSE consensus of ₹242 crore; the bank’s shares opened marginally lower at ₹417.70 on NSE.
Net interest income climbed 37.4% year‑on‑year to ₹2,131 crore, up from ₹1,551 crore in the same period last year, a 66‑point lift in the NII margin that dwarfs the sector average of 35%.
Asset quality improved markedly: gross NPA fell to 1.02% from 1.3%, while net NPA dropped to 0.29% from 0.37%. Provisions rose to ₹766.5 crore, up from ₹599.2 crore in Q1, reflecting a cautious provisioning stance.
Advances grew 42% YoY to ₹1,42,314 crore—retail up 32% to ₹79,465 crore and wholesale up 56% to ₹62,849 crore. Total deposits rose 34% to ₹1,56,272 crore, with granular deposits at ₹68,877 crore, a 16% lift.
Capital ratios remained robust: CAAR stood at 30.1% versus 33.3% at quarter‑end, CET‑1 at 29% against 32.2% previously, and the LCR held at 148%—well above the RBI’s 110% mandate.
CEO Subramanikkumar said the bank’s funding profile is strengthened by a surge in foreign‑currency NRE deposits, giving it flexibility for future growth. RBL plans to expand its network to 1,954 touchpoints, aiming to capture deeper retail penetration and maintain the upward trajectory in NII and asset quality.