Private lender RBL Bank posted a good set of Q4 numbers on Saturday. The bank reported a Net Interest Income (NII) of Rs1599.85 crore, slightly below the CNBC-TV18 poll estimate of Rs1604.68 crore.However, the bank surpassed expectations in terms of Profit After Tax (PAT), posting a figure of Rs352.64 crore compared to the CNBC-TV18 poll estimate of Rs320.7 crore. The bank’s Net Interest Margin (NIM) for the quarter came in at 5.45% against 5.62 YoY and 5.52% QoQ.
The bank however posted a significant reduction in its Gross Non-Performing Assets (GNPA), which stood at Rs2270.97 crore, marking an impressive 11% decline quarter-on-quarter (QOQ) from Rs2551.05 crore. Similarly, Net Non-Performing Assets (NNPA) witnessed a QOQ decrease of 2.6%, amounting to Rs619.3 crore compared to Rs635.6 crore previously.
Moreover, the GNPA ratio declined to 2.65% from 3.12% QOQ, indicating a healthier asset quality for the bank. Likewise, the NNPA ratio showed improvement, standing at 0.74% compared to 0.8% in the previous quarter.
