India's RBL Bank quarterly profit nearly triples on higher loan growth

RBL Bank

12/10/2026 14:01

Oct 12 (Reuters) - India's RBL Bank RATB.NS reported a near-threefold rise in second-quarter profit on Monday, helped by higher loan growth, while inflows from foreign currency deposits raised under a special central bank scheme bolstered its funding base.
The lender, majority-owned by Dubai's Emirates NBD ENBD.DU, posted a standalone net profit of 4.82 billion rupees ($50.33 million) for the quarter ended September 30, up from 1.79 billion rupees a year earlier.
Its net interest income, the difference between interest earned on loans and paid on deposits, rose 37% to 21.31 billion rupees.
Net advances grew 42% year-on-year, while deposits rose 34%, boosted by foreign currency non-resident (FCNR) deposits raised under the Reserve Bank of India's special scheme.
Indian lenders saw strong loan growth during the quarter across both corporate and retail segments, with lending against FCNR deposits also contributing to growth.
In June, the RBI introduced measures, including concessional hedging facilities and swap arrangements, to attract foreign currency deposits.
Indian banks raised nearly $133 billion in FCNR(B) deposits under the scheme and were allowed to extend loans against these deposits.
"We successfully enhanced our funding profile through significant FCNR deposit mobilisation, creating additional flexibility to support future growth," RBL Managing Director and CEO R Subramaniakumar said.
Asset quality improved, with gross bad loans as a percentage of total loans dropping to 1.02% as of end-September from 1.30% three months earlier. 
Net interest margin expanded to 4.61% from 4.13% in the preceding quarter and 4.51% a year earlier.
($1 = 95.7700 Indian rupees)

 (Reporting by Nishit Navin in Bengaluru; Editing by Sonia Cheema)
 ((Nishit.Navin@thomsonreuters.com;))