RBL Bank Ltd.Net profit ₹482 Cr (+170%), advances +42%, NIM 4.61%

RBL Bank reported Q2 FY27 net profit of ₹482 crore, up 170% year-on-year and 90% on the quarter, on net interest income of ₹2,131 crore, up 37%, and a net interest margin of 4.61%, up 48 basis points.

Operating profit crossed ₹1,000 crore to ₹1,396 crore and the cost-to-income ratio fell to 56.5% from 70.7%. Advances grew 42% to ₹1,42,314 crore and deposits 34% to ₹1,56,272 crore, both lifted by FCNR(B) deposits of about ₹32,300 crore and a capital raise that together added liquidity equal to 35% of the balance sheet. Gross NPA fell to 1.02% and net NPA to 0.29%, and capital adequacy was 30.1%. Credit cost was 63 basis points, and credit card slippages are expected to fall to about ₹400 crore a quarter.

Management expects margin to dip slightly in Q3 before rising in Q4, baseline loan growth of 22% to 25% and opex growth of 7% to 8%, and flagged that draft bancassurance rules could cut about ₹300 crore of fee income by 50% to 60%.