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RBL Bank Q2 FY27 profit nearly triples to Rs 482 crore on loan growth, FCNR(B) gains

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RBL Bank Q2 FY27 profit nearly triples to Rs 482 crore on loan growth, FCNR(B) gains

RBL Bank Q2 FY27 profit nearly triples to Rs 482 crore on loan growth, FCNR(B) gains

RBL Bank’s advances rose 42 per cent year on year to Rs 1.42 lakh crore and deposits growing 34 per cent to Rs 1.56 lakh crore, while net profit nearly tripled to Rs 482 crore. The headline balance-sheet growth was partly supported by the bank’s mobilisation of Rs 32,472 crore through the RBI’s FCNR(B) swap facility, against which its international banking unit extended Rs 10,309 crore in loans. Excluding loans extended against FCNR(B) deposits, management said underlying loan growth was around 30 per cent, while deposit growth excluding FCNR(B) stood at 6 per cent.

Private sector lender RBL Bank ,’s deposits grew 34 per cent year-on-year to Rs 1.56 lakh crore in the second quarter of FY27, while advances grew 42 per cent to Rs 1.42 lakh crore, aided by the mobilisation of FCNR(B) deposits and deployment of part of the funds into loans. However, excluding the impact of FCNR(B), the bank’s deposit growth stood at 6 per cent year-on-year, while underlying advances growth was around 30 per cent, according to the lender’s Q2 FY27 investor presentation and comments by CEO R Subramaniakumar. RBL, a subsidiary of Emirates NBD had mobilised significant FCNR(B) deposits during the quarter and used a portion of the liquidity to fund loans. Loans provided against FCNR(B) deposits stood at Rs 10,309 crore as of September 30, according to the investor presentation. Advt

Subramaniakumar said the bank’s 42 per cent advance growth should be viewed in the context of the FCNR(B)-linked component, while underlying growth remained strong.


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