RBL Bank posts decent results for Q4FY18

RBL Bank posted strong results for Q4FY18, revenue advances and asset quality showed significant improvement. While provisioning remained elevated for the quarter.

The bank's NII for the quarter rose by 42.1 per cent yoy and 7 per cent qoq to Rs. 500 crore in Q4FY18 vs Rs. 352 crore in Q4FY17 and Rs. 466 crore in Q3FY18. The interest income grew by 24 per cent yoy and 6.3 per cent qoq. While the interest expenses grew by 14 per cent yoy and 5.7 per cent qoq.

The asset quality for the bank improved as GNPAs for the quarter declined by 16 bps qoq to 1.4 per cent in Q4FY18 vs 1.56 per cent in Q3FY18 and 1.2 per cent in Q4FY17. The total GNPAs however increased by 59 per cent yoy but declined by 2 per cent qoq.

The provisions for the quarter rose by 37 per cent yoy and qoq to Rs. 112 crore in Q4FY18 vs Rs. 82 crore in Q4FY17 and Q3FY18. However, the net profit for the quarter rose by 37 per cent yoy to Rs. 178 crore in Q4FY18 vs Rs. 130 crore in Q4FY17 and Rs. 165 crore in previous quarter.

The advances also witnessed 37 per cent yoy increase to Rs. 40,267 crore in FY18 vs Rs. 29,449 crore in FY17. While for the full year NII, provisions and net profit grew by 45 per cent, 53 per cent and 24 per cent yoy, respectively. The capital adequacy for the quarter remained stable at 15.33 per cent in Q4FY18.

Moreover, the board also recommended final dividend of Rs. 2.10 per share on face value of Rs. 10 per share