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Akshay Patel

18th Oct · SEBI-Registered Analyst

RBLBANK
Q1 FY2024 results show a 19% decrease in net profit to ₹180 crore, despite stable revenue of ₹3,510 crore. Net Interest Income fell 12.90% to ₹1,480.80 crore, while Non-Interest Income rose 38.20% to ₹1,071.40 crore. Operating profit increased by 16.10% to ₹1,166.50 crore. Gross NPAs improved to 2.32%, but Net NPAs rose to 0.57%. Total expenses increased by 13.70%, impacting profitability. Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations.

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