RBL Bank Net Profit Jumps to ₹481.7 Crore in Q2 FY27
RBL Bank Ltd. (NSE:RBLBANK) reported a standalone net profit of ₹481.7 crore for the quarter ended September 30, 2026, representing a 2.7-fold increase from ₹178.52 crore in the year-ago period. Net interest income increased 37.4 percent year-on-year to ₹2,131 crore, while net interest margin expanded to 4.61 percent from 4.51 percent. Total gross advances grew 42 percent to ₹1.42 lakh crore, assisted by ₹10,300 crore in leverage provided to FCNR(B) depositors. Without this leverage, loan growth stood at approximately 31 percent.
The lender's profit expansion was supported by strong deposit growth and significant asset quality improvements, alongside $3.4 billion in FCNR(B) deposits. Gross non-performing assets dropped to 1.02 percent of gross advances from 2.32 percent in the prior-year period, while net non-performing assets fell to 0.29 percent. However, loan growth and FCNR(B) deposit leverage prompted a 53 percent increase in provisions to ₹766.5 crore, which bank management noted includes a one-time provisioning cost tied to FCNR(B) loans.
Looking ahead, the bank expects its credit-to-deposit ratio to reach 90 percent in the current quarter as unsecured lending trends normalize. Management plans to focus on expanding corporate banking relationships as capital positions and funding costs improve over the coming months.
Key points
- RBL Bank Ltd. reported a standalone net profit of ₹481.7 crore for Q2 FY27, up 2.7 times year-on-year.
- Net interest income grew 37.4 percent to ₹2,131 crore, with net interest margin rising to 4.61 percent.
- Gross non-performing asset ratio fell to 1.02 percent from 2.32 percent in the corresponding quarter last year.
- Provisions rose 53 percent to ₹766.5 crore due to loan book expansion and leverage on FCNR(B) deposits.
- Excluding ₹10,300 crore of FCNR(B) leverage, underlying loan growth was approximately 31 percent.
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What was RBL Bank's net profit in Q2 FY27?
RBL Bank reported a standalone net profit of ₹481.7 crore for the quarter ended September 30, 2026, up 2.7 times from ₹178.52 crore in the same period last year.
How did RBL Bank's asset quality perform in Q2 FY27?
Gross non-performing assets declined to 1.02 percent of gross advances from 2.32 percent a year earlier, while net non-performing assets improved to 0.29 percent.
Why did RBL Bank's provisions increase in Q2 FY27?
Provisions rose 53 percent year-on-year to ₹766.5 crore due to overall credit growth and leverage provided to FCNR(B) depositors.