RBL Bank

RBL Bank had got listed on the bourses in August 2016. It got listed at a 22% premium over IPO price of Rs.225 and it has received an overwhelming response, getting subscribed by a whopping 70 times. The stock is today quoted at almost double the price at Rs.590, showing the high amount of investor fancy which it enjoys.

The Bank posted a very good performance for Q4FY17. Total income was up 54% (YoY) and this was mainly boosted by the 66% jump in other income  while Net Interest Income was up 47% at Rs.352 crore. Operating profit was up 75% at Rs.282 crore. The Bank ended the quarter with a 55% increase in net profit at Rs.130 crore but sequentially, it was a flat rise of just 1%. NIM was at 3.5% v/s 3.2% (YoY) and 3.4% (QoQ).

On the asset quality front,  Gross NPA was at 1.2% of gross advances, up from 1.06% in Q3 and Net NPA also increased from 0.52% to 0.64%. Sequentially, provisions have gone up almost three times from Rs.36 crore to Rs.82 crore and YoY, up from Rs.37 crore.

For Fy17, the Bank ended the quarter with a net profit at Rs.446 crore. Its Income during the fiscal rose to Rs 4,468.62 crore from Rs 3,234.85 crore in FY16.