RBL Bank announced Q2FY23 results: Operating performance: Total Revenue grew 9% YoY to Rs. 1,648 crore Net Interest Income grew 16% YoY to Rs. 1,064 crore; NIM was 4.55% Other Income was down 2% YoY to Rs. 583 crore Cost to Income was 68.9% Operating profit was Rs. 512 crore Net Profit was Rs. 202 crore vs. Rs. 201 crore for Q1FY23 and Rs. 31 crore for Q2FY22 CASA and Deposits Growth: Total deposits grew 5% YoY to Rs. 79,404 crore CASA grew 7% YoY to Rs. 28,718 crore. CASA ratio at 36.2% vs. 35.4% as at 30th Sep 2021 Retail Deposits (as per LCR definition) grew 4% YoY to Rs. 32,832 crore Advances Growth: Net Advances book grew 12% YoY and 4% sequentially to Rs. 62,942 crore Retail: Wholesale mix at 52:48 Commenting on the performance, Mr. R Subramaniakumar, MD&CEO;, RBL Bank said “We have completed H1 FY23 on a satisfactory note on all fronts. H1FY23’s profitability over H1FY22 is substantially improved. The advances growth is starting to gain momentum and we expect to see this continue. Granular deposit growth is picking up momentum and asset quality continues to be stable, with GNPA also trending down over earlier periods. Going forward our focus would be to consolidate, leverage and optimize our existing platform to accelerate profitable growth of the balance sheet. We will continue to focus on our key niche areas of cards and microfinance, while accelerating the diversification across more secured retail products by launching them in the next few months”. Result PDF