RBL Bank’s Q4 NII stood at Rs 1,599.85 crore, which is 17.87 per cent higher than Rs 1,357.28 crore a year ago.
RBL Bank’s board of directors has also approved a dividend of Rs 1.5 per equity share for FY24
Private sector lender RBL Bank on Saturday reported a 30 per cent year-on-year jump in its net profit to Rs 352.64 crore for the fourth quarter ended March 31, 2024. Its net interest income (NII) — interest earned minus interest expended — during January-March 2024 stood at Rs 1,599.85 crore, which is 17.87 per cent higher than Rs 1,357.28 crore a year ago.
Its net profit had stood at Rs 271.05 crore in the corresponding period last year.
The bank’s board of directors has also approved a dividend of Rs 1.5 per equity share for FY24.
“The board of directors of RBL Bank recommended dividend of Rs 1.50 per equity share of Rs 10 each fully paid up (i.e. 15 per cent) to be payable, subject to the approval of the shareholders of the bank at the ensuing annual general meeting,” it added.
