RBL Financial institution reported first quarter internet revenue grew 29% YoY to ₹372 crore.
Web advances in the course of the quarter ended June 30,2024 grew 19% YoY to ₹86,704 crore.
Whole deposits grew 18% YoY to ₹101,352 crore. The general Capital Adequacy together with Q1 FY25 earnings was 15.56%; CET 1 was 13.85%, the financial institution stated in an announcement.
The Gross NPA was down 53bps YoY to 2.69% and Web NPA was additionally down 26 bps YoY to 0.74%. Provision Protection Ratio together with technical write-off was 90.0%, the financial institution added.
R. Subramaniakumar, MD & CEO, RBL Financial institution stated “ Our efficiency continues to trace
our said targets, with our execution beginning to ship promising outcomes. We’re seeing early outcomes from our strategic initiatives.”
