Q4 Results: RBL NII up by 48 per cent
The bank's Gross non-performing assets (NPAs) as a per centage of total loans for the quarter remained unchanged at 1.38 per cent QoQ as against 1.4 per cent in the year ago March quarter. For Q4, the total GNPAs were at Rs. 754.6 crore as against Rs. 695 crore in Q3FY19 and Rs. 566.7 crore in Q4FY18.
RBL Bank's provisions remained elevated by 65.30 per cent in Q4 as against 57.57 per cent YoY and 63.22 per cent in the December quarter. The net profit for the quarter rose 39 per cent to Rs. 247.2 crore in Q4FY19 as against Rs. 178.1 crore in Q4FY18 and Rs. 225.2 crore in the December quarter.
The advances for the quarter rose by 35 per cent YoY and 9 per cent QoQ. Advances were at Rs. 54,308.2 crore in Q4FY19 as against Rs. 40,267.8 crore in Q4FY18 and Rs. 49,892.6 crore in the December quarter.
On Thursday, the stock of RBL Bank closed at Rs. 676.10 per share, down by Rs. 4.85 or 0.71 per cent on BSE.