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HomeLatest NewsBusinessRBL Bank Q4 Results: Net Profit Jumps 30% YoY To Rs 352.64...

RBL Bank Q4 Results: Net Profit Jumps 30% YoY To Rs 352.64 Crore, Rs 1.5 Dividend Announced – Prime Time News24


RBL Financial institution’s This fall NII stood at Rs 1,599.85 crore, which is 17.87 per cent increased than Rs 1,357.28 crore a yr in the past.

RBL Financial institution’s board of administrators has additionally accepted a dividend of Rs 1.5 per fairness share for FY24

Non-public sector lender RBL Financial institution on Saturday reported a 30 per cent year-on-year soar in its web revenue to Rs 352.64 crore for the fourth quarter ended March 31, 2024. Its web curiosity earnings (NII) — curiosity earned minus curiosity expended — throughout January-March 2024 stood at Rs 1,599.85 crore, which is 17.87 per cent increased than Rs 1,357.28 crore a yr in the past.

Its web revenue had stood at Rs 271.05 crore within the corresponding interval final yr.

The financial institution’s board of administrators has additionally accepted a dividend of Rs 1.5 per fairness share for FY24.

“The board of administrators of RBL Financial institution really helpful dividend of Rs 1.50 per fairness share of Rs 10 every absolutely paid up (i.e. 15 per cent) to be payable, topic to the approval of the shareholders of the financial institution on the ensuing annual basic assembly,” RBL Financial institution stated in a BSE submitting.

RBL Financial institution’s working revenue grew 49 per cent YoY to Rs 887 crore.

Its ROA of above 1 per cent for final 5 quarters (excluding contingency provision created on AIF investments in Q3 FY24).

Its general deposits grew 22 per cent YoY. The lender’s deposits beneath Rs 2 crore grew 24 per cent YoY to Rs 43,753 crore and comprised 42.3 per cent of complete deposits.

The financial institution’s web advances rose 20 per cent YoY to Rs 83,987 crore.

The lender additionally added 6 lakh new clients throughout January-March 2024.

On the belongings high quality, RBL Financial institution’s gross non-performing belongings (GNPAs) declined by 72 foundation factors (bps) year-on-year to 2.65 per cent, whereas its web NPA was down by 36 bps to 0.74 per cent.

Its general capital adequacy stood at 16.18 per cent. CET-1 was at 14.38 per cent.

The common liquidity protection ratio (LCR) was at 140 per cent, based on the submitting.

On This fall outcomes, RBL Financial institution MD & CEO R Subramaniakumar stated, “We’re happy to report one other interval of strong monetary efficiency. Our advances and deposits have proven substantial progress, with a notable enchancment in working leverage. We’re witnessing the fruition of our strategic initiatives, as momentum builds and our efforts in varied areas yield promising outcomes.”

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