RBL Bank declares Q4FY22 result:

• Healthy operating performance:
  • Total Revenue grew 13% YoY to Rs 1,643 crore for Q4FY22 and grew 12% YoY to Rs 6,367 crore for FY22
  • Net Interest Income grew 25% YoY to Rs 1,131 crore for Q4FY22 and grew 6% YoY to Rs 4,027 crore for FY22; NIM for FY22 was 4.45%
  • Other Income was down 7% YoY to Rs 511 crore for Q4FY22; grew 24% YoY to Rs 2,341 crore for FY22
  • Cost to Income was 60.0% for Q4FY22 and 56.9% for FY22
  • Operating profit was Rs 657 crore for Q4FY22 and Rs 2,745 crore for FY22
  • Net Profit was Rs 198 crore vs. Rs 156 crore in Q3FY22; Net Loss for FY22 was Rs 75 crore
• CASA Continues Strong Growth:
  • Total deposits grew 8% YoY to Rs 79,007 crore
  • CASA grew 20% YoY to Rs 27,879 crore. CASA ratio at 35.3% vs. 31.8% as at 31st March 2021
  • Retail Deposits (as per LCR definition) grew 13% YoY to Rs 30,717 crore
• Advances Growth:
  • Advances book grew 2% YoY and 3% sequentially to Rs 60,022 crore
  • Retail: Wholesale mix at 52:48
• Well capitalized with sound liquidity:
  • Overall capital adequacy improved 25bps sequentially to 16.8% and Common Equity Tier 1 ratio improved 44bps sequentially to 16.2%
  • Average Liquidity Coverage Ratio for Q4FY22 at 138%
• Asset quality:
  • Gross NPA ratio and Net NPA ratio improved sequentially to 4.40% and 1.34% vs. 4.84% and 1.85%, respectively as at 31st Dec 2021
  • Provision Coverage Ratio improved 750bps sequentially to 70.4% vs 62.9% as at 31st Dec 2021
• Network:
  • As of 31st March 2022, the Bank has 502 bank branches and 1,418 business correspondent branches, of which 289 are banking outlets. RBL Finserve Limited (“RBL Finserve”), a 100% subsidiary of the Bank, accounts for 870 business correspondent branches

Commenting on the performance, Mr. Rajeev Ahuja, MD&CEO (interim), RBL Bank said “This quarter has been one of stable business performance and we continued to improve in both profitability and asset quality. We are entering the new fiscal with a relatively clean slate on asset quality, remain well capitalised and our business operating rhythm holds us in good stead to grow meaningfully in our chosen segments with improved profitability metrics.”

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