Rise in provisions and slight fall in internet curiosity earnings weighed on RBL Financial institution’s internet revenue for the quarter ended March. The underside-line slipped to almost Rs 69 crore, down 81% year-on-year, in keeping with an alternate submitting on Friday.
Provisions and contingencies of the financial institution jumped 90% on-year to Rs 785.14 crore, whereas the web curiosity earnings got here in at Rs 1,563 crore, down 2% in comparison with the year-ago interval.
Nevertheless, the personal lender’s asset high quality improved, with gross non-performing belongings ratio falling to 2.6% on the finish of March quarter as in opposition to 2.92% 1 / 4 in the past. Web NPA additionally fell to 0.29% in contrast with 0.53% within the December quarter.
(It is a growing story)
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