RBL Bank net profit up 234% at Rs 230 crore
RBL Bank's net profit surged by a remarkable 234% to Rs 230 crore in the March quarter, fueled by robust income growth and a significant reduction in provisions. The bank witnessed a healthy 7% rise
RBL Bank's net profit surged by a remarkable 234% to Rs 230 crore in the March quarter, fueled by robust income growth and a significant reduction in provisions. The bank witnessed a healthy 7% rise in total income, supported by strong advances and deposit expansion. Asset quality also showed marke
Key Facts
RBL Bank's net profit surged by a remarkable 234% to Rs 230 crore in the March quarter, fueled by robust income growth and a significant reduction in provisions. The bank witnessed a healthy 7% rise in total income, supported by strong advances and deposit expansion. Asset quality also showed marked improvement, with gross NPAs falling substantially.
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This article was curated by OpenMedia's AI-powered newsbot from verified news sources. Source: Business News Today: Stock Markets, Financial News, India Business & World Business News