RBL Bank Q3 Net profit falls 86%

 In the third quarter of the fiscal year 2025, RBL Bank reported a net profit of Rs 32.63 crore, an 86 percent year-over-year decline. Net profit dropped 85% sequentially.

As of December 31, 2024, the gross non-performing asset (NPA) ratio was 2.92 percent, down from 2.88 percent on September 30, 2024, and 3.12 percent on December 31, 2023.As of December 31, 2024, the net non-performing asset (NPA) ratio was 0.53%, down from 0.79 percent on September 30, 2024, and 0.80 percent on December 31, 2023.

Read More - Q3FY25 Results of Banks in India

The bank's gross non-performing assets (NPA) as of December 31, 2024, were Rs 2,701 crore in absolute terms, compared to Rs 2581.08 crore on September 30, 2024, and Rs 2551.05 crore on December 31,2023. Net NPA of the bank stood at Rs 481.64 crore as on December 31, 2024, as compared to Rs 697.51 crore as on September 30, 2024, and Rs 635.64 crore as on December 31, 2023.

Including technical write-offs, the overall provision coverage ratio was 93.46 percent. For Q3FY25, the credit cost for JLG loans, including the GNPAs mentioned above, was 139 basis points. 110% of GNPA is made up of the Bank's total provisions, which include special, general, and contingent provisions.

For Q3FY25, Net Interest Income (NII) increased 3% year over year to Rs 1,585 crore, while NIM was 4.90 percent. According to the press release, the bank's NII increased by 10% year over year to Rs 4,900 crore for 9MFY25, while NIM was 5.19 percent.

Other income increased 38% year-over-year to Rs 1,073 crore in Q3 of FY25 and 29% year-over-year to Rs 2,806 crore in FY25. The October–December quarter's core fee income increased 19% year over year to Rs 871 crore.

At Rs 1.07 lakh crore, total deposits increased 15% year over year. CASA increased by 12% year over year to Rs 35,022 crore. 32.8 percent CASA ratio. Granular deposits, or deposits less Rs 3 crore, increased by 20% year over year and 3% quarter over quarter to reach Rs 53,719 crore, or 50.3% of total deposits.

At Rs 90,412 crore, the Net Advances book increased 13% year over year. The retail advances book reached Rs 55,199 crore, a 19% year-over-year increase. Retail: Release added; wholesale advances mix at 61:39.The bank saw year-over-year growth of 33% in housing loans, 30% in rural vehicle finance, and 21% in commercial banking.