RBL posts mind-blowing Q2FY17 numbers

RBL declared its Q2FY17 results on Wednesday after market hours. The bank’s total income increased by 37.91 per cent to Rs 1071 crore in Q2FY17 as compared to same period in previous financial year. Its operating profit before provisions and contingencies too rose by 81.29 per cent to Rs 219 crore in Q2FY17 on yearly basis. RBL’s net profit also boosted by 34.3 per cent to Rs 89.89 crore in Q2FY17 on yearly basis.

On asset quality front, RBL Bank’s gross NPA stands at 1.1 per cent to Rs 275 crore in Q2FY17 against 1.13 per cent to Rs 253 crore in Q1FY17. The bank’s net NPA stands at 0.55 per cent to Rs 138 crore in Q2FY17 while 0.66 per cent to Rs 148 crore in Q1FY17.

On segmental revenue front, RBL Bank earned 31.93 per cent from corporate/wholesale banking, 27.06 per cent from retail banking, 38.53 per cent from treasury and 2.47 per cent from other banking operations during Q2FY17.

On half yearly front, RBL Bank’s total income increased by 39.46 per cent to Rs 2102 crore in H1FY17 as compared to same period in previous financial year. The bank’s operating profit before provisions and contingencies too rose by 73.64 per cent to Rs 404 crore in H1FY17 on yearly basis. Its net profit also increased by 41.14 per cent to Rs 187 crore in H1FY17 on yearly basis.

The share price of RBL Bank increased by 1.41 per cent on bourses and closed at Rs 312.75 on intraday basis.