RBL Bank Q1 results: Net profit declines 46% to Rs 200 crore; NII drops 13% to 1481 crore
RBL Bank's profit declined in the June quarter. The bank reported lower net interest income. This was due to reduced net interest margins. However, other income increased. The bank strategically reduced its unsecured lending. It focused on secured retail loans. The bank expects improvement in the second half of the fiscal year. Gross non-performing assets increased during the quarter.
RBL Bank's profit declined in the June quarter. The bank reported lower net interest income. This was due to reduced net interest margins. However, other income increased. The bank strategically reduced its unsecured lending. It focused on secured retail loans. The bank expects improvement in the second half of the fiscal year. Gross non-performing assets increased during the quarter.
