RBL net profit up 124%

Private sector lender, RBL (Formerly known as Ratnakar Bank) net profit increased 124 per cent to Rs 207 crore. This rise was without taking into account the one-off charge in FY14 towards premium paid for acquisition of business banking, mortgages and credit card business from Royal Bank of Scotland in India. After taking into account this acquisition cost, the increase in net profit for FY15 was 56 per cent.

Net total Income surged 59 per cent to Rs 960 crore in FY15 from Rs 603 Crores in the year-ago period.