RBL bank is providing retail and wholesale banking. RBL bank is basically performing all banking functionalities like lending, deposits, treasury operations, bank assurance ,credit cards.
Objective of RBL financial inclusion is to provide mass banking services to small and micro businesses segment and lower income individuals in semi-urban and
rural markets. This is a strategic business for the bank creating differentiation and profitable scale.
One of the fastest growing private sector bank RBL has today announced its results for Jan-March Q4. Its result is significant positive impacts as below.
Objective of RBL financial inclusion is to provide mass banking services to small and micro businesses segment and lower income individuals in semi-urban and
rural markets. This is a strategic business for the bank creating differentiation and profitable scale.
- Net profit is increased by 55% as compared to FY 16 which is 130cr now.
- Net total income is increased by 54% as compared to FY 16 which is 589cr now.
- The bank has declared dividend of Rs 18 per share of face value of 10 each.
- The bank's NII(Net Interest Income) for FY17 is increased by 47% which is 325cr as compared to FY16.
- The net non-performing assets (NPAs) of the bank is slightly move up by 0.64% which was 0.59 in FY 16.
- The stock is open at 570 and 3.64 per cent up at Rs 585.
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