RBL Bank Q1 profit up 35 per cent to Rs 190 crore

New Delhi: RBL Bank on Thursday reported 34.76 per cent jump in net profit at Rs 190.04 crore for the first quarter of the current fiscal.

The private sector bank had registered a net profit of Rs 141.02 crore during the April-June quarter of previous fiscal. It total revenue for the June quarter of 2018-19 increased by 30.04 per cent to Rs 1,690.19 crore compared to Rs 1,299.7 crore in the year-ago period, the bank said in a regulatory filing.

RBL Bank's Net Interest Income (NII) grew by 46 per cent to Rs 552.70 crore during the quarter under review.  Its Net Interest Margin (NIM) stood at 4.04 per cent as against 3.54 per cent, in the first quarter of 2017-18.

RBL Bank's gross non performing assets (NPAs) decreased to 1.40 per cent as on June 30, 2018, as against 1.46 per cent a year ago.

Net NPA decreased to 0.75 per cent as at June 30, 2018 against 0.81 per cent as at June 30, 2017.

Net advances as at June 30, 2018 stood at Rs 42,198.09 crore as compared to Rs 31,108.03 crore as at June 30, 2017, a growth of 36 per cent, the private sector lender said.

Shares of the bank were trading 2.47 per cent down at Rs 551 on BSE.