RBL Bank Q3 Net Profit Soars 5.5x to Rs 214 Crore; Provisions Decline

• RBL Bank reported a 555% surge in net profit, reaching Rs 214 crore for Q3 FY25, significantly up from Rs 33 crore year-on-year.
• The substantial profit increase was primarily driven by a steep decline in provisions.
• Net interest income grew 5% to Rs 1,657 crore, supported by a 14% rise in advances and a net interest margin of 4.63%.
• The bank expects a $3 billion fund infusion from Emirates NBD Bank by July, pending regulatory approvals.
• Gross non-performing assets ratio improved to 1.88%, a decrease of 1.04%, due to higher write-offs and reduced slippages.

Why It Matters: RBL Bank's Q3 net profit surged over 5.5 times to Rs 214 crore, driven by lower provisions and strong growth.