RBL Bank announced 9MFY25 & Q3FY25 results Q3FY25 Financial Highlights: NII grew 3% YoY Rs 1,585 crore; NIM at 4.90%. Other Income grew 38% YoY to Rs 1,073 crore; Core Fee grew 19% YoY to Rs 871 crore. Operating Expenses grew 7% YoY to Rs 1,662 crore; Cost to Income ratio improved to 62.5% vs 67.1% for Q3FY25. Operating profit grew 30% YoY to Rs 997 crore. During Q3FY25, there was tax provision writeback of Rs 150 crore due to favourable appellate orders for past years. Bank on prudent basis made additional provision of Rs 414 crore on Gross NPAs of Joint Liability Group (JLG) portfolio taking total NPA provision on this portfolio to 85%. After above additional provision, Net Profit was Rs 33 crore. Net Advances grew 13% YoY to Rs 90,412 crore. Retail Advances grew by 19% YoY to Rs 55,199 crore; Retail: Wholesale mix was 61:39; Secured Retail advances grew 38% YoY. Total Deposits grew 15% YoY to Rs 106,753 crore; CASA Ratio at 32.8%. Granular Deposits i.e. deposits less than Rs 3 crore grew faster at 20% YoY and 3% QoQ to Rs 53,719 crore; at 50.3% of total deposits. Including 9MFY25 profits, total capital adequacy was 15.4% vs 16.4% as of 31st December 2023; CET 1 was 13.7% vs 14.6% as of 31st December 2023. Average LCR for Q3FY25 was 143%. GNPA down 20 bps YoY to 2.92%; NNPA down 26 bps YoY to 0.53%. Overall Provision Coverage Ratio including Technical Write off was 93.46%. 9MFY25 Financial Highlights: NII grew 10% YoY Rs 4,900 crore; NIM at 5.19%. Other Income grew 29% YoY to Rs 2,806 crore. Core Fee grew 20% YoY to Rs 2,461 crore. Operating Expenses grew 11% YoY to Rs 4,941 crore; Cost to Income ratio improved YoY to 64.1% vs 67.6% for 9MFY25. Operating profit grew 29% YoY to Rs 2,766 crore. Net Profit at Rs 627 crore; Annualised ROA at 0.61%; Annualised ROE at 5.44%. R Subramaniakumar, MD & CEO, RBL Bank said: “We remain cautious about the short-term challenges emanating from macro-economic environment affecting certain unsecured lending segments. We continue to demonstrate strong growth in chosen areas of secured retail & commercial banking on asset side and granular deposits on liability side. Our core business remains robust and disciplined focus on growth with profitability and customer-centric approach continues to drive meaningful progress. Overall, we are happy to deliver yet another quarter of robust operating performance and growth in business”. Result PDF