RBL Bank is a financial institution that offers a broad variety of banking and financial services, such as retail and wholesale banking, treasury operations, and other associated activities.
FInancial Results:
The private sector lender, stated that its net profit for Q3FY23 increased by 34% YoY to ₹ 209 crore and that its net interest income increased by 14% YoY to ₹ 1,148 crore.
The gross NPA ratio decreased to 3.61% from 3.80% in the Q2FY23, while the net NPA ratio decreased to 1.18% from 1.26%.
Thus, showcasing an improvement in the asset quality of the bank’s loan portfolio.
Net advances for the bank increased by 15% to ₹ 66,684 crores from ₹ 58,141 crores in the same period previous year. Retail advances increased by 13% to ₹ 34,977 crores from ₹ 30,900 crores YoY.
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