Strong operating performance:
o Total Revenue for Q4FY20 grew by 33% YOY to `1,522 Crores
o Net Interest Income in Q4FY20 grew by 38% YOY to `1,021 crores; NIM was 4.93%
o Cost to Income for Q4FY20 at 49.7% against 51.2% for Q4FY19
o Operating profit for Q4FY20 grew by 37% YOY to `765 Crores
o Net profit for Q4FY20 was `114 crores
o Total Revenue for FY20 grew by 39% YOY to `5,540 Crores
o Net Interest Income in FY20 grew by 43% YOY to ` 3,630 crores; NIM for FY20 was 4.56%
o Cost to Income for FY20 at 50.3% against 51.3% for FY19
o Operating profit for FY20 grew by 42% YOY to `2,752 crores
o Net profit for FY20 was `506 crores
CASA Growth amid Decline in Overall Deposits:
o Total deposits reduced 1% YOY
o CASA grew by 17% YOY and 2% QOQ. CASA ratio was 29.6%. Average CASA ratio for Q4FY20 was 26.4%
Advances Growth:
o Advances book grew by 7% YOY with Non-Wholesale advances up 35% YOY and Wholesale advances reduced 16% YOY in line with planned portfolio recalibration
o Non-Wholesale advances accounted for 56% of net advances of the bank
The Board of Directors of RBL Bank Limited approved the financial results for the quarter and year ended 31st March 2020 at its meeting held on Thursday, 7th May 2020.
Profit & Loss Account: Quarter & Financial Year ended 31st March 2020
Revenues, Operating Profit and Net Profit
The Bank’s total revenue for the quarter was `1,522 crores, up 33% YOY from `1,148 crores, operating profit for the quarter was `765 crores, up 37% YOY from `560 crores in Q4FY19. The Bank’s Cost to Income for Q4FY20 at 49.7% against 51.2% for Q4FY19. Net profit for Q4FY20 stood at `114 crores
Private sector lender RBL Bank Ltd on Thursday reported a decline in its March quarter net profit to ₹114.3 crore on the back of higher provisions.
Commenting on the performance Mr. Vishwavir Ahuja, MD & CEO, RBL Bank said “The Bank has demonstrated strong growth in operating profits amidst an unprecedented and challenging business environment. In this backdrop, we will continue to be cautious, conservative and focused on preservation of the franchise. As a Bank, we will look to maintain surplus liquidity high capital levels, tighten risk filters further to manage and improve credit quality, and balance sheet protection.
A lot of this was already happening with the macro situation pre-COVID but the current environment has made it all the more important. We continue to maintain healthy liquidity. Deposit traction is gaining momentum again and our deposits are now higher than March 31 levels and in excess of `60,000 crores as of April end”
