Tag: banking sector

RBL Bank on Saturday reported a 46 per cent year-on-year (y-o-y) surge in net profit for the quarter ending September, amounting to Rs 294 crore, mainly on the back of a rise in net interest income. Net Interest Income grew by 26 per cent y-o-y and 4 per cent quarter-on-quarter (q-o-q) to Rs 1,475 crore. Net Interest Margin was 5.54 per cent, against 5.02 per cent for Q2 FY23. Notably, provisions for the quarter ending September rose more than 2.6 times to Rs 640 crore, against Rs 241 crore...