Private sector lender, RBL Bank has reported a 59 per cent jump in its net profit in the October-December quarter to Rs 129 crore on the back of higher net interest income and other income.
Net interest income, the difference between interest earned and interest expended, increased by 45 per cent. Even the other income which includes fees, commissions etc improved by 66 per cent to Rs 182.26 crore at the end of quarter ended December.
The bank's asset quality improved slightly. At the end of quarter ended December, the gross Non Performing Assets was at 1.06 per cent as compared to