RBL Bank Q3 Results
Posted on: 25/Jan/2018 10:00:26 AM
The Board of Directors of RBL Bank Limited at its meeting held yesterday, approved the standalone unaudited financial results for the quarter and nine months ended December 31, 2017, which have been subjected to “Limited Review” by the Statutory Auditor of the Bank.
Performance highlights – Quarter ended December 31, 2017 (Q3 FY18):
- Net Interest Income (NII) is Rs. 467.29 crore in the quarter ended December 31, 2017 (Q3 FY18) as compared to Rs. 321.58 crore in the quarter ended December 31, 2016 (Q3 FY17), registering an increase of 45%.
- Other Income for Q3 FY18 is Rs. 258.22 crore as against Rs. 182.26 crore in Q3 FY17, an increase of 42%.
- Operating profit for Q3 FY18 is Rs. 333.43 crore as against Rs. 235.11 crore in Q3 FY17, an increase of 42%.
- Net profit for Q3 FY18 is Rs. 165.33 crore as against Rs. 128.69 crore in Q3 FY17, showing an increase of 28%. This is after taking a pre-tax charge of Rs.5.89 crore on additional investment done in Utkarsh Micro Finance Limited by the Bank for maintaining its stake at 9.99%. Excluding this charge, the net profit for Q3 FY18 would have been Rs.169.18 crore, which is an increase of 31% over Q3 FY17.
- Net Interest Margin (NIM) for Q3 FY18 is 3.89% as against 3.38% in Q3 FY17, showing an improvement of 51 basis points (bps).
- Return on Assets (RoA) in Q3 FY18 was 1.22% as against 1.17% in Q3 FY17.
- Return on Equity (RoE) in Q3 FY18 was 10.21% as against 12.30% in Q3 FY17.
Performance highlights – Nine months ended December 31, 2017 (9M FY18):
- Net Interest Income (NII) is Rs. 1,265.83 crore during nine months ended December 31, 2017 (9M FY18) as compared to Rs. 869.18 crore during nine months ended December 31, 2017 (9M FY17), registering an increase of 46%.
- Other Income for 9M FY18 is Rs. 756.21 crore as against Rs. 518.91 crore in 9M FY17, an increase of 46%.
- Operating profit for 9M FY18 is Rs. 947.97 crore as against Rs. 638.66 crore in 9M FY17, an increase of 48%.
- Net profit for 9M FY18 is Rs. 456.97 crore as against Rs. 315.92 crore in 9M FY17, showing an increase of 45%.
- Net Interest Margin (NIM) for 9M FY18 is 3.73% as against 3.20% in 9M FY17, showing an improvement of 53 bps.
- Cost to Income ratio for 9M FY18 was 53.12% as against 53.99% in 9M FY17.
- Return on Assets (RoA) in 9M FY18 was 1.20% as against 1.04% in 9M FY17.
- Return on Equity (RoE) in 9M FY18 was 10.97% as against 11.44% in 9M FY17.
- Net Advances as at December 31, 2017 were Rs. 36,889.58 crore as compared to Rs. 26,773.12 crore as at December 31, 2016, showing a growth of 38%.
- Gross NPA increased to 1.56% as at December 31, 2017 against 1.06% as at December 31, 2016. Net NPA increased to 0.97% as at December 31, 2017 against 0.52% as at December 31, 2016.
- Deposits as at December 31, 2017 were at Rs. 38,622.54 crore as compared to Rs. 30,005.14 crore as at December 31, 2016, showing a growth of 29%.
- Current Accounts & Savings Accounts (CASA) ratio improved to 24.03% as at December 31, 2017 from 23.15% as at December 31, 2016.
- Capital Adequacy Ratio as per BASEL III Capital regulations as at December 31, 2017 was 15.03% against 13.80% as at December 31, 2016.
- Increase in branch network from 215 to 246 and ATM network from 374 to 394 as at December 31, 2017 as compared to December 31, 2016.
