'RBL Bank conducted a concall
on 18 January 2025 to discuss the financial results for the quarter ended December
2024 and prospects of the bank. R Subramaniakumar, MD&CEO of the bank
addressed the call:
Highlights:
The Net Interest Income
(NII) of the bank rose 3% yoy to Rs 1585 crore in Q3FY2025. The interest income
growth has been impacted by higher slippages and lower disbursements. Interest
income reversals were at Rs 134 crore in Q3FY25.
The non-interest income
jumped 38% yoy to Rs 1073 crore, boosted by a one-time gain from the sale of
investments of Rs 144 crore and income tax refund of Rs 150 crore. These
one-time gains have been utilized for creating higher provisions.
The bank has recorded
healthy 19% yoy and 6% qoq growth in core fee income to Rs 871 crore in
Q3FY2025.
The bank has recorded strong
30% growth in the operating profit to Rs 997 crore. The net profit declined to
Rs 33 crore due to higher...
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