RBL Bank Q2 net up 68% at Rs 150 cr

Private sector lender RBL Bank has posted a 68 per cent rise in net profit at Rs 150 crore in second quarter ended September 2017 (Q2 FY18) on improvement in the interest margins and other income.

It had posted net profit of Rs 90 crore in July-September 2016 (Q2 FY17).

Its net interest income rose 39 per cent to Rs 420 crore in Q2 FY18 from Rs 302 crore a year ago period. The net interest margin (NIM) improved by 33 basis points to 3.74 per cent in Q2 FY18 from 3.41 per cent