Economy
RBL Bank Reports 170% YoY Surge In Q2 Net Profit
The Hindu1h
THE BRIEF
1
RBL Bank posted a 170% year-on-year surge in net profit to ₹482 crore for the quarter ended September, driven by higher net interest income and improved asset quality.
2
Net interest income rose 37% to ₹2,131 crore, while gross non-performing assets declined 131 basis points year-on-year to 1.02%.
3
The bank mobilised $3.4 billion through the Reserve Bank of India's concessional FCNR(B) swap facility by August 31.