RBL Bank Announced Q1FY23 Result : Steady operating performance: Total Revenue grew to Rs 1,641 crore Net Interest Income grew 6% YoY to Rs 1,028 crore; NIM was 4.36% Other Income was down 6% YoY to Rs 614 crore Cost to Income was 67.8% Operating profit was Rs 529 crore Net Profit was Rs 201 crore vs. Rs 198 crore for Q4FY22 CASA Continues Strong Growth: Total deposits grew 6% YoY to Rs 79,216 crore CASA grew 14% YoY to Rs 28,526 crore. CASA ratio at 36.0% vs. 33.7% as at 30th June 2021 Retail Deposits (as per LCR definition) grew 6% YoY to Rs 31,415 crore Advances Growth: Advances book grew 7% YoY and was flat sequentially at Rs 60,270 crore Retail: Wholesale mix at 51:49 Well capitalized with sound liquidity: Overall capital adequacy (including Q1 FY23 profits) improved 70bps sequentially to 17.5%; Common Equity Tier 1 ratio at 16.0% Average Liquidity Coverage Ratio at 149% Asset quality: Gross NPA ratio and Net NPA ratio improved sequentially to 4.08% and 1.16% vs. 4.40% and 1.34%, respectively as at 31st March 2022 Provision Coverage Ratio including technical write offs improved 188bps sequentially to 85.3% vs 83.4% as at 31st March 2022. Provision Coverage Ratio improved 208bps sequentially to 72.5% vs 70.4% as at 31st March 2022. Network: As of 30th June 2022, the Bank has 502 bank branches and 1,302 business correspondent branches, of which 289 are banking outlets. RBL Finserve Limited (“RBL Finserve”), a 100% subsidiary of the Bank, accounts for 789 business correspondent branches Commenting on the performance, Mr. R Subramaniakumar, MD&CEO;, RBL Bank said “We have started the new financial year with a satisfactory performance on all fronts. The Bank completed the issuance of US$100 million Tier 2 Notes in this quarter improving its capital adequacy further. Our focus would be to consolidate, leverage and optimize our existing platform so as 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 retail products”. Result PDF