RBL Bank announced a threefold increase in its fourth-quarter net profit, reaching Rs 230 crore, up 233% from the previous year. The growth came from strong business expansion and better asset quality, even as net interest margins dipped. Net advances rose 23% year-on-year, led by the retail segment.
RBL Bank posted a net profit of Rs 230 crore for the fourth quarter, marking a 233% rise compared to the year-ago period. The lender attributed the surge to robust business growth and improvements in asset quality, as reported by The Economic Times. Net advances expanded by 23% year-on-year, with the retail portfolio playing a key role in this performance. The bank's managing director, R Subramaniakumar, was referenced in connection with the results, alongside mentions of the board's dividend decision and net NPA ratio, though specific figures for these were not detailed in initial reports. Despite a decline in net interest margin, the overall financial metrics indicated solid progress.