RBL Bank Q1 results: Net profit rises 29% to Rs 372 crore, asset quality remains healthy

RBL Bank's Q1 FY24 results show a 29% increase in net profit to ₹372 crore, reflecting robust financial health. The bank's asset quality remains strong, with a stable gross NPA ratio at 1.68% and a net NPA ratio at 0.52%. The bank's total income grew by 15% to ₹4,608 crore, driven by improved interest income and non-interest income. RBL Bank also saw significant growth in its loan book, with a 17% increase year-on-year. The management remains optimistic about maintaining this growth trajectory, focusing on expanding its digital services and improving customer engagement.