Private sector lender RBL Bank on Thursday reported 45% increase in its net profit to ₹141 crore for the quarter ended June 2017 mainly driven by 40% growth in advances. The bank’s net interest income grew by 55% to ₹378 crore while other income went up by 53% to ₹257 crore. The bank posted a deposit growth of 37% year-on-year. Its net interest margin grew to 3.54% in Q1 from 2.8% in the year ago period. Its asset quality worsened as gross NPA ratio moved up to 1.46% from 1.13%, reported a year ago.
