Press Release20 Jul 2024, 06:32 pm
RBL Bank Reports Q1 FY25 Operating Profit Growth of 33% YoY, Net Profit Grew 29% YoY
AI Summary
RBL Bank Limited announced its unaudited financial results for the quarter ended 30th June 2024. The key highlights include an operating profit growth of 33% YoY, net profit growth of 29% YoY, ROA at 1.14%, net advances growth of 19% YoY, retail advances growth of 31% YoY, deposits growth of 18% YoY, and a well-capitalized position with Total CRAR including Q1 FY25 profits at 15.56% and CET 1 at 13.85%. The bank added 3.2 lakhs new customers during the quarter and maintained a CASA ratio of 32.6%. The GNPA was down 53bps YoY to 2.69% and the NNPA was down 26 bps YoY to 0.74%.
Key Highlights
- Operating Profit growth of 33% YoY
- Net Profit grew 29% YoY
- ROA at 1.14%
- Net Advances grew 19% YoY
- Retail Advances grew at 31% YoY
- Deposits grew 18% YoY
- Well capitalised for medium term growth, Total CRAR including Q1 FY25 profits was 15.56% and CET 1 of 13.85%