Q4FY17 Results: RBL Bank Ltd
Rohan Takalkar / 02 May 2017
RBL Bank posted its quarterly results today. The numbers were healthy on account of strong NII and net profit growth.
RBL Bank posted its quarterly results today. The numbers were healthy on account of strong NII and net profit growth.
The bank's NII for the quarter stood at Rs.352.2 crore, an increase of 9.2 per cent QoQ as against Rs.321.6 in Q3FY17. Its net interest margin (NIM) stood at 3.52 per cent versus 3.21 in Q4FY16
The bank increased provisions for the quarter by 127 per cent QoQ to Rs.82.1 crore as compared with Rs.36.17 crore in Q3FY17. The higher provisioning resulted in marginal increase in net profit.
The bank's NII for FY17 came in at Rs 1223.4 crore, an increase of 49.9 per cent as against Rs.819 crore in FY16. Its NIM for the year improved to 3.29 per cent in FY17 as compared to 3.10 per cent in FY16.
The bank's CASA for FY17 also improved to 21.98 per cent in FY17 versus 18.64 per cent in FY16.
The bank has declared dividend of Rs 18 per share of face value of 10 each.
RBL Bank opened today at Rs.571 and closed 3.7 per cent up at Rs 585
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