RBL Q1 Results: Net profit jumps 43% to Rs 288 crore; net interest income rises 21%
The bank reported a 21 per cent jump in the core net interest income at Rs 1,246 crore on the back of a 21 per cent growth in advances and a 0.48 per cent expansion in net interest margin (NIM) to 4.84 per cent.
The overall capital adequacy for the bank stood at 16.7 per cent, with the core tier-I being at 15.1 per cent. The bank is set to open about 70-75 branches this fiscal. Photo: RBL official website