The overall provisions came at Rs 500 crore as against Rs 196 crore in the same period a year ago.
RBL Bank Managing Director and Chief Executive Officer Vishwavir Ahuja told reporters that its credit costs, which majorly constitute the provisions, will be at the same level or lesser than the 3.35 per cent recorded in a high NPA year of FY20.
The gross non-performing assets ratio improved to 3.45 per cent as against 3.62 per cent in March, but was higher than 1.38 per cent in the year-ago period.
Ahuja said the bank is confident of "pleateauing" on the asset quality front in upcoming quarters.
Loanbook under moratorium decreased sharply to 13.7 per cent on June 30 from 33 per cent at the end of April, with microlending and credit cards having the highest incidence of those availing moratoriums.
Ahuja said that in the microlending segment, 100 per cent borrowers were under moratorium as collections had stopped due to lockdown, but the number has come down to 30 per cent.
As part of its de-risking efforts, the bank stayed away from corporate segment, and a de-growth in non-wholesale book led to a 2 per cent dip in loanbook.
Just like some of its peers, Ahuja said the bank is being helped by faster recovery in rural areas, where the business is stronger.
Deposits, which had suffered during March quarter, grew 7 per cent during April-June period.
The bank's core net interest income grew 27 per cent to Rs 1,041 as margins remained strong at 4.85 per cent, while non-interest income declined 33 per cent to Rs 334 crore because of the pandemic.
The overall capital adequacy stood at 16.35 per cent, with core tier-I ratio at 15.16 per cent, Ahuja said, adding that the bank is not mulling capital infusion despite conducting stress tests.
Shares of the bank on Tuesday closed 1.71 per cent higher at Rs 181.85 apiece on the BSE.