MUMBAI: RBL Bank reported a net profit of Rs 230 crore for the quarter ended March 31, 2026, up 234% from Rs 69 crore in the corresponding quarter a year earlier, driven by higher income and lower provisions.Total income rose 7% year-on-year to Rs 2,740 crore, supported by steady growth in both interest and non-interest income streams. Net interest income increased 7% to Rs 1,671 crore. Interest income rose 7% to Rs 3,720 crore, aided by a 23% rise in net advances to Rs 114,232 crore, with retail advances growing 20% to Rs 67,119 crore. Interest expense also increased 7% to Rs 2,049 crore, reflecting a 25% growth in total deposits to Rs 139,018 crore. CASA deposits rose 23% to Rs 46,723 crore, with the CASA ratio at 33.6%.Other income grew 7% to Rs 1,069 crore, led by core fee income which increased 9% to Rs 1,057 crore. Other components of non-interest income remained largely stable, with growth driven mainly by fees.Operating expenses rose 5% to Rs 1,785 crore, with employee costs increasing 8% to Rs 482 crore. Operating profit grew 11% to Rs 955 crore. Provisions declined 14% to Rs 678 crore from Rs 785 crore a year earlier, with provisions on advances falling 16%. Tax expense increased to Rs 47 crore from Rs 7 crore in the corresponding quarter last year.Asset quality improved over the year, with gross NPAs declining to 1.45% from 2.60%, a reduction of 115 basis points. Net NPAs stood at 0.39% compared with 0.29% a year earlier. The provision coverage ratio was 73.6%. The capital adequacy ratio stood at 14.25%, with a CET-1 ratio of 12.77%.
