Private sector RBL Bank today reported a 68 per cent rise in its September quarter net at Rs 150.62 crore on a rise in core interest income and a low base.
Its core net interest income rose 39 per cent to Rs 420.16 crore, while the non-interest income was up 43 per cent Rs 241.07 crore.
In its profit figures for the July-September period last year, the lender had an exceptional item of Rs 28 crore which had dented its bottomline.
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The bank's net interest margin expanded to 3.74 per cent from the 3.41 per cent in the year-ago period, while it posted a 35 per cent growth in advances and 31 per cent in deposits.
On assets quality front, it reported a jump in the gross non-performing assets at 1.44 per cent from the 1.10 per cent in the year-ago period.
The bank's managing director and chief executive Vishwavir Ahuja said the slippages came at Rs 90 crore and over half of it was contributed by the demonetisation-hit micro loans.
The bank scrip shed 2.27 per cent to close at Rs 524.45 a piece on the BSE, whose benchmark index gained 1.33 per cent.
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