SummaryRBL Bank, in its Q4 results announced on April 27, reported a 30% year-on-year jump in net profit to ₹353 crore in the March quarter of FY24. Shares of RBL Bank dropped more than 3% on Monday, April 29, despite the Mumbai-headquartered lender reporting a strong growth in net profit in March quarter (Q4FY24).
In its quarterly results released on Saturday, April 27, the private lender reported a net profit of ₹353 crore in Q4FY24, reflecting a 30% growth compared to ₹271 crore in the same period last year.
RBL Bank’s net interest income (NIIs) surged 18% year-on-year to ₹1,599.8 crore in Q4FY24, up from ₹1,357 crore in Q4FY23.
RBL Bank’s net interest margin was at…
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