“The Bank has had a good quarter of strong performance and has continued to maintain its growth momentum and improvement in operating metrics. However, given the difficult environment we do expect to face some challenges on some of our exposures in the near term. At the same time, given the strong momentum in our businesses, we do expect to maintain a healthy profitable growth over the coming quarters," said Vishwavir Ahuja, MD & CEO at RBL Bank.
Advances (Net) at 56,836.7 crore and Deposits at 60,810.9 crore both increased up by 35 per cent on YoY basis, the bank said.
Gross NPA (non-performing assets) stood at 1.38 per cent against 1.40 per cent in the previous quarter (January-March period) while net NPA stood at 0.65 per cent as compared to 0.75 per cent in the March quarter.
At 02:47 am, the stock was trading 12.50 points lower at Rs 507.35 apiece on the BSE. In comparison, the benchmark S&P BSE Sensex was ruling 506 points or 1.30 per cent down at 38,392 levels.