Invest
RBL Bank Ltd.
Q3FY23 Quarterly Result Announced for RBL Bank Ltd.
RBL Bank announced Q3FY23 results:
- Q3FY23:
- Steady operating performance:
- Net Profit grew 34% YoY to Rs 209 crore
- Operating profit was Rs 567 crore
- Total Revenue grew 11% YoY to Rs 1,767 crore
- Net Interest Income grew 14% YoY to Rs 1,148 crore; NIM was 4.74%
- Other Income grew 6% YoY to Rs 618 crore
- Cost to Income was 67.9%
- CASA and Deposits Growth:
- Total deposits grew 11% YoY to Rs 81,746 crore
- CASA grew 18% YoY to Rs 29,948 crore. CASA ratio at 36.6% vs. 34.4% as at Q3FY22
- Retail Deposits (as per LCR definition) grew 25% YoY to Rs 34,769 crore
- Advances Growth:
- Net Advances book grew 15% YoY and 6% sequentially to Rs 66,684 crore
- Retail Advances book grew 13% YoY and 7% sequentially to Rs 34,977 crore
- Retail: Wholesale mix at 52:48
- Well capitalized with sound liquidity:
- Overall capital adequacy (including 9MFY23 profits) was 17.0% and Common Equity Tier 1 ratio was 15.5%
- Average Liquidity Coverage Ratio at 144%
- Asset quality:
- Gross NPA ratio improved to 3.61% vs. 3.80% as at Q2FY23 and Net NPA ratio was 1.18% vs. 1.26% as at Q2FY23
- Provision Coverage Ratio including technical write offs was 84.7% vs 84.3% as at Q2FY23.
- Network
- As of Q3FY23, the Bank has 516 bank branches and 1,168 business correspondent branches, of which 298 are banking outlets. RBL Finserve Limited (“RBL Finserve”), a 100% subsidiary of the Bank, accounts for 821 business correspondent branches
- Steady operating performance:
Commenting on the performance, Mr. R Subramaniakumar, MD&CEO, RBL Bank said “We have had another quarter of improving operating performance and we are confident of continuing this trend in coming quarters. Our Business growth, driven by granular advances and deposits growth, continues to improve, in line with our strategy and execution. Our initiatives over the last six months on new product launches, and scale up of granular retail products are also starting to bear fruit. As these products scale up, we expect growth to become more broad based. Our asset quality and capital position continues to be healthy giving us the runway to accelerate profitable growth of the balance sheet."
FAQ’s on RBL Bank Ltd Shares
