RBL Bank reported robust growth in its Q1FY25 earnings, driven by a significant increase in net interest income (NII) and profit after tax (PAT).
NII rose 36.4% year-on-year to Rs 1,699.97 crore from Rs 1,246.2 crore and saw a 6.3% increase quarter-on-quarter from Rs 1,599.85 crore. Other income increased 17.5% year-on-year to Rs 805.46 crore, though it declined 8% quarter-on-quarter.
Operating profits for the quarter stood at Rs 859.1 crore, up 32.68% year-on-year, but down 3.15% sequentially. Provisions increased by 37.6% year-on-year to Rs 366.3 crore, while decreasing 11.5% quarter-on-quarter.
The bank’s Profit After Tax showed a strong 28.95% year-on-year growth, reaching Rs 371.5 crore compared to Rs 288.1 crore in the same quarter last year. Sequentially, profit increased 5.35% from Rs 352.6 crore.
