Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

Financial Highlights of RBL Bank Limited

Posted On: 2019-04-18 13:00:38


The Board of Directors of RBL Bank Limited at its meeting held today, approved the audited financial results for the quarter and year ended March 31, 2019.

Performance highlights - Quarter ended March 31, 2019 (Q4 FY19):

- Net Interest Income (NII) at 738.7 crore as against 500.5 crore in Q4 FY18, an increase of 48%
- Other Income at 409.2 crore as against 312.0 crore in Q4 FY18, an increase of 31%
- Core fee income at 387.6 crore as against 270.4 in Q4 FY18, an increase of 43%
- Operating profit at 560.0 crore as against 383.1 crore in Q4 FY18, an increase of 46%
- Net profit at 247.2 crore as against 178.1 crore in Q4 FY18, an increase of 39%
- Net Interest Margin (NIM) at 4.23% as against 3.98% in Q4 FY18, an improvement of 25 bps
- Cost to Income ratio at 51.22% as against 52.85% in Q4 FY18, a decline of 1.63%
- Return on Assets (RoA) at 1.30% as against 1.25% in Q4 FY18
- Return on Equity (RoE) at 13.41% as against 10.90% in Q4 FY18

Performance highlights - Full Year ended March 31, 2019 (FY19):

- Net Interest Income (NII) at 2,539.5 crore as compared to 1,766.3 crore in the year ended March 31, 2018 ( FY18), registering an increase of 44%
- Other Income at 1,442.4 crore as against 1,068.2 crore in FY18, an increase of 35%
- Operating profit at 1.939.8 crore as against 1,331.1 crore in FY18, an increase of 46%
- Net profit at 867.0 crore as against 635.1 crore in FY18, showing an increase of 37%
- Net Interest Margin (NIM) at 4.14% as against 3.80% in FY18, showing an improvement of 34 bps
- Cost to Income ratio at 51.28% as against 53.04% in FY18, a decline of 1.76%
- Return on Assets (RoA) at 1.27% as against 1.21% in FY18
- Return on Equity (RoE) at 12.15% as against 10.95% in FY18
- Net Advances as at March 31, 2019 stood at 54,308.2 crore as compared to 40,267.8 crore as at March 31, 2018, a growth of 35%
- Gross NPA decreased to 1.38% as at March 31, 2019 against 1.40% as at March 31, 2018. Net NPA decreased to 0.69% as at March 31, 2019 against 0.78% as at March 31, 2018.
- Deposits as at March 31, 2019 stood at 58,394.4 crore as compared to 43,902.3 crore as at March 31, 2018, a growth of 33%
- Current Accounts & Savings Accounts (CASA) ratio improved to 24.98% as at March 31, 2019 from 24.32% as at March 31, 2018
- Capital Adequacy Ratio as per BASEL III Capital regulations as at March 31, 2019 was 13.46% against 15.33% as at March 31, 2018
- The bank has 324 branches as of March 31, 2019. In addition the Bank also has 993 business correspondent branches, of which 226 are banking outlets. RBL Finserve Limited ("RBL Finserve") (Formerly Swadhaar Finserve Private Limited), a 100% subsidiary of the Bank, accounts for 452 business correspondent branches

Asset growth and quality

The Bank's growth in advances portfolio continued to be robust at 35% on a year-on-year basis. The net advances as at March 31, 2019 were 54,308.2 crore as against 40,267.8 on March 31, 2018, with all-round growth observed in all business segments. The growth in the Corporate & Institutional segment and Commercial Banking (together termed as "Wholesale portfolio") was pegged at 25%, while that of other segments (Retail Assets and Development Banking & Financial Inclusion - together termed as ("Non-wholesale portfolio") was 49%. The nonwholesale portfolio constituted about 44% of the loan portfolio of the Bank as at March 31, 2019.

The gross NPA ratio has decreased to 1.38% as at March 31, 2019 from 1.40% as at March 31, 2018. The restructured standard assets portfolio has decreased to 0.04% as at March 31, 2019 from 0.08% as at March 31, 2018. The net NPA ratio has decreased to 0.69% as at March 31, 2019 from 0.78% as at March 31, 2018. The net stressed assets of the Bank have decreased to 0.73% as at March 31, 2019 from 0.86% as at March 31, 2018. The Bank's provisioning coverage ratio (including technical write-offs), improved to 65.30% as at March 31, 2019 as compared to 57.57% as at March 31, 2018.

Deposit growth

The Bank's deposits grew on 33% year on year basis with CASA growing faster at 37%. Deposits grew to 58,394.4 crore as at March 31, 2019 as against 43,902.3 crore as at March 31, 2018. CASA ratio increased to 24.98% as at March 31, 2019 compared to 24.32% as at March 31, 2018.

Capital adequacy

The Bank's capital adequacy ratio as at March 31, 2019 was 13.46% and Tier-1 capital adequacy ratio was 12.10%, significantly higher than the regulatory requirements.

Consolidated Financial Results

The consolidated net profit for the year ended March 31, 2019 was Rs. 857.83 crore as compared to Rs.631.69 crores, up 36%, over the previous year ended March 31, 2018.

Commenting on the performance Mr. Vishwavir Ahuja, MD & CEO, RBL Bank said "The year 2018-19 has been a challenging year for the banking sector. In this backdrop, I am happy to report that our Bank has continued to consistently maintain its strong growth momentum and improvement in operating metrics while maintaining robust asset quality. In our chosen segments the Bank continues to grow at a rapid pace towards reaching market leadership. We continue to see strong traction in customer acquisition and brand acceptance across all our businesses in our journey to be the "Bank of Choice" for our customers".

Shares of RBL Bank Ltd was last trading in BSE at Rs.680.95 as compared to the previous close of Rs. 668.2. The total number of shares traded during the day was 94648 in over 1742 trades.

The stock hit an intraday high of Rs. 683 and intraday low of 668.7. The net turnover during the day was Rs. 64251164.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

ITC Ltd forms subsidiary ITC IndiVision Limited

Celent Recognizes Majesco with XCelent Award for Depth of Service in the North American Policy Administration Systems 2020 Personal, Commercial and Specialty ABCD Vendor View Report

Sadbhav Engineering Ltd reports Rs. 886.63 crore PAT in Q4 FY20

NLC India Ltd's project in Andaman commissioned

Swarnsarita Gems Ltd Q4 consolidated PAT at Rs. 0.26 crore

PNB Housing Finance Ltd reworks business plan for FY2020-21

Arihant Capital Markets Ltd posts Rs. 2.18 crore consolidated PAT in Q4 FY20

Inducto Steel Ltd Q4 FY20 net profit at Rs. 0.52 crore

Dai-Ichi Karkaria Limited enters into agreement for sale of land

Sun Pharma launches 'Thank you Doctor' campaign

Reliance and bp launch 'Jio-bp' partnership

Arihant Capital Markets Ltd Board approves Dividend for FY20

HPL Electric & Power Ltd Q4 FY20 consolidated PAT drops to Rs. 2.51 crore

HPL Electric & Power Limited board recommends final dividend of Rs. 0.15

TCS board declares interim dividend of Rs. 5 for FY2020-21

TCS Q1FY21 consolidated PAT lower at Rs. 7008 crore

Kabra Extrusiontechnik Ltd posts consolidated PAT of Rs. 0.74 crore in Q4

HCC FY20 Revenue at Rs. 3,676 Crore; EBITDA margin at 12.7%

Jaguar Land Rover Reports Q1 Fiscal 2020/21 Retail Sales

Muthoot Capital Services Limited completed transaction of Rs. 100.89 crores through securitization of portfolio

Vessel Seamec Gallant's contract extended for 1 year

W H Brady & Co. Ltd. Q4 FY20 consolidated loss at Rs. 0.24 crore

Arvind Fashions Ltd reports loss of Rs. 204.33 crore in Q4 FY2020

Vedanta readies for post-Covid economic recovery, strengthens its Advisory Board by appointing former Secretary, GoI and ex-SAIL Chief

Arvind Fashions Ltd signs agreement for sale of Flying Machine business

Ind-Ra affirms rating of Arvind SmartSpaces Limited

ALANKIT Ltd enters into Business Correspondent Agreement with IDBI Bank

Hexaware Launches COCO-Unified Teams Bot for Improved Employee Experiences & Seamless Return to Workplaces

Zensar featured in ISG's 2020 Digital Case Studies Book

Britannia Industries Ltd board to approve Q1 results on July 17, 2020

Flipkart Group and Arvind Fashions Strengthen Partnership

SBI Life Insurance Company Ltd board to consider Q1 results on July 21, 2020

BHEL successfully commissions World's first Solar PV Plant for Rail Traction application

Praj strides into the next frontier of Bioeconomy

Hitachi ABB Power Grids India wins INR 120 crore order for Indian Railways electrification

Karur Vysya Bank partners with Tata Motors to offer car loans at attractive terms

IIFL Finance Ltd allots 2000 NCDs

YES Bank files RHP for FPO

Linc Pen and Plastics Ltd update on FY21

Strides receives USFDA approval for Butalbital, Acetaminophen, Caffeine, and Codeine Phosphate Capsules

ICICI Prudential Life Insurance Company Ltd board to approve 1st quarter FY21 results on July 21, 2020

Sharika Enterprises Ltd bags order from BHEL

Swelect Energy Systems Limited board recommends final dividend of Rs. 0.75

SpiceJet facilitates insurance of passengers for COVID-19 hospitalisation starting at Rs. 443/-

Shoppers Stop Limited opens new store at Phoenix Palassio - Lucknow

PI Industries Ltd closes QIP, fixes price as Rs. 1470

YES Bank has sold 2.66% stake in CG Power & Industrial Solutions Limited

NMDC's excellent performance at Bailadila Projects, Chhattisgarh, during lockdown

The Phoenix Mills Ltd. opens doors of its grand palatial shopping mall, Phoenix Palassio, in Lucknow

Swelect Energy Systems Ltd Q4 consolidated loss at Rs. 14.87 crore







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019