RBL Bank reported a 27% year-on-year (YoY) rise in standalone net profit to Rs 254 crore for Q1 FY27. The lender's management said the recent majority stake acquisition by Emirates NBD has significantly expanded the bank's growth opportunities.
The company’s net interest income, which is the difference between interest earned and interest expenses, jumped 12% YoY to Rs 1,654 crore in Q1 FY27 from Rs 1,481 crore in Q1 FY26. Provisions and contingencies, however, sharply surged 35% YoY to Rs 599 crore during the quarter under review.
