RBL Bank Posts Multi-Fold Jump In Q2 Profit

R Subramaniakumar, the managing director and chief executive officer of RBL Bank said, “We have completed H1 FY23 on a satisfactory note on all fronts. H1 FY23’s profitability over H1 FY22 is substantially improved. The advances growth is starting to gain momentum and we expect to see this continue.”

He added that the granular deposit growth is picking up pace, while the asset quality of the bank continues to be stable, with the GNPA also trending down over earlier periods.