BusinessPhoto: NDTV BusinessRBL Bank Q2 Growth Masks Underlying Risks, Investors Wary
RBL Bank reported a 170% year-on-year net profit rise to Rs 482 crore and a 37% increase in net interest income to Rs 2,131 crore in the September quarter. Despite strong headline numbers, the stock fell over 8% due to concerns about deposit quality. The CASA ratio dropped to 24%, with growth driven by costlier term and FCNR(B) deposits. Excluding FCNR(B), deposits shrank 1% from the previous quarter, raising investor caution.
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