Net Interest Income for the quarter fell 13% from last year to ₹1,480.6 crore, which is lower than the CNBC-TV18 poll of ₹1,521 crore. The lender had reported a core income of ₹1,700 crore during the same quarter last year.
Net profit for the period nearly halved to ₹200 crore, a 46.2% drop from the base quarter’s level of ₹372 crore. The figure though, was higher than the CNBC-TV18 poll of ₹159 crore.
Asset quality saw some deterioration from the March quarter, with gross NPA at 2.78% from 2.6% in March, while Net NPA stood at 0.45% from 0.29% in March.
Provisions during the quarter declined sharply on a sequential basis to ₹442.3 crore from ₹785.1 crore in March.
Shares of RBL Bank ended 2.8% lower on Friday at ₹260.7. The stock has risen 17% in the last one month and is up 65% on a year-to-date basis, emerging as one of the best performing banking stocks this year.
