RBL Bank Q3 Results: Net profit sinks 86% to ₹32 crore on high provisions, NII up 3% YoY; NPA improves marginally | Stock Market News
RBL Bank Q3 Results: RBL Bank said it has reduced the dependence on the origination of co-brand cards with BFL (Bajaj Finance Ltd) over the last one year from 1,26,000 in September 2023 to 37,000 cards in September 2024.
“We remain cautious about the short-term challenges emanating from macro-economic environment affecting certain unsecured lending segments. We continue to demonstrate strong growth in chosen areas of secured retail & commercial banking on asset side and granular deposits on liability side,” said R Subramaniakumar, MD & CEO, RBL Bank
“Our core business remains robust and disciplined focus on growth with profitability and customer-centric approach continues to drive meaningful progress. Overall, we are happy to deliver yet another quarter of robust operating performance and growth in business,” added Subramaniakumar.
