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RBL Bank reports 53% rise in Q1 consolidated net profit

24 Jul 2023 Evaluate

RBL Bank has reported results for first quarter ended June 30, 2023 (Q1FY24). 

The Bank has reported 43.22% rise in its net profit at Rs 288.11 crore for the quarter under review as compared to Rs 201.16 crore for the same quarter in the previous year. Total income of the bank increased by 24.51% at Rs 3365.26 crore for Q1FY24 as compared Rs 2702.91 crore for the corresponding quarter previous year.

On consolidated basis, the bank has reported 53.12% rise in its net profit at Rs 319.49 crore for the quarter ended June 30, 2023 as compared to Rs 208.66 crore for the same quarter in the previous year. Total income of the bank increased by 24.61% at Rs 3509.76 crore for Q1FY24 as compared Rs 2816.52 crore for the corresponding quarter previous year.

Peers
Company Name CMP
HDFC Bank 716.25
ICICI Bank 1357.85
Axis Bank 1251.55
Kotak Mahindra Bank 413.70
Indusind Bank 963.95
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