RBL Bank profit rises to ₹481.7 crore in Q2FY27 on FCNR(B) growth

what happened

According to the Newsmetry API, RBL Bank’s standalone net profit for the quarter ended September 30, 2026, rose 2.7 times to ₹481.7 crore from ₹178.52 crore a year earlier. Profit was 1.9 times higher than the previous quarter’s ₹253.7 crore and slightly exceeded the Bloomberg estimate of ₹479 crore.

Net interest income advanced 37.4% to ₹2,131 crore, while net interest margin widened to 4.61% from 4.51%. Gross advances grew 42% to ₹1.42 lakh crore and gross deposits increased 34% to ₹1.57 lakh crore. FCNR(B) deposits reached $3.4 billion, up 6% year on year, while CASA rose 14% to ₹42,526 crore.

The headline loan expansion included ₹10,300 crore extended against FCNR(B) deposits. Excluding that leverage, year-on-year loan growth was about 31%. Secured retail lending expanded 52% to ₹52,000 crore, although growth slowed by 2–3 percentage points across all segments except gold loans, which accelerated by 2 percentage points to 8%. Provisions rose 53% year on year to ₹766.5 crore, with a senior bank official describing the FCNR(B)-related provisioning cost as one-off.

Asset quality improved, with GNPA falling to 1.02% of gross advances from 2.32% a year earlier and NNPA declining to 0.29% from 0.57%. RBL Bank MD and CEO R Subramaniakumar said normal business trends were improving quarter on quarter as unsecured lending normalised. The credit-to-deposit ratio is expected to be 90% in the current quarter.

why it matters

The results combine stronger earnings and net interest income with rapid balance-sheet growth. The contribution from FCNR(B)-linked lending is significant for assessing underlying loan expansion, while higher provisions add an important consideration to the earnings performance.

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