RBL Bank’s Net Profit Up 234% Y/y To Rs230 Cr

The Bank continued to strengthen its balance sheet, reflected in improving asset quality, robust retail-led growth, and a stable operating performance

R Subramaniakumar, MD & CEO, RBL Bank

FinTech BizNews Service

Mumbai, April 25, 2026: The Board of Directors of RBL Bank Limited approved the audited financial results for the quarter and financial year ended 31st March 2026 at its meeting held on Saturday, 25th April 2026.

RBL Bank delivered a strong and well-rounded performance in Q4 FY26, with net profit surging 234% YoY, supported by steady growth in advances and deposits. The Bank continued to strengthen its balance sheet, reflected in improving asset quality, robust retail-led growth, and a stable operating performance.

Overall, the results signal sustained momentum, with a clear focus on granular deposits, secured retail expansion, and disciplined execution positioning the Bank well for the coming financial year.

Q4 FY26 Results at a glance

Ø  Net Profit grew 234% YoY to 230 crore

Ø  NII grew 7% YoY and 1% QoQ to 1,671 crore; NIM at 4.41%

Ø  Other Income grew 7% YoY and 2% QoQ to 1,069 crore; Core Fee Income grew 9% YoY and 10% QoQ to 1,057 crore

Ø  Operating Expenses grew 5% YoY and de-grew by 1% QoQ to 1,785 crore; Cost to Income ratio was 65.1% in Q4 FY26 vs 66.3% last quarter

Ø  Operating profit grew 11% YoY and 5% QoQ to 955 crore

Ø  Net Advances grew 23% YoY and 11% QoQ to 114,232 crore; Retail: Wholesale mix was 59:41

Ø  Secured Retail advances grew 36% YoY and 17% QoQ;

Ø  Retail Advances grew by 20% YoY and 11% QoQ to 67,119 crore

Ø  Wholesale advances grew by 28% YoY and 11% QoQ to Rs.47,112 crore; Commercial Banking grew faster at 30% YoY and 9% QoQ

Ø  Total Deposits grew 25% YoY and 16% QoQ to 139,018 crore; CASA grew by 23% YoY and 26% QoQ to 46,723 crore, CASA Ratio at 33.6%

Ø  Granular Deposits i.e. deposits less than 3 crore grew faster at 16% YoY and 4% QoQ to 63,943 crore; at 46.0% of total deposits

Ø  Total capital adequacy was 14.25% as of 31st March 2026 vs 14.94% as of 31st December 2025; CET 1 is 12.77% as of 31st March 2026 vs 13.45% as of 31st December 2025

Ø  Average LCR for Q4 FY26 was 130%

Ø  GNPA down 43 bps QoQ to 1.45%; NNPA down 16 bps QoQ to 0.39%; Provision Coverage Ratio including Technical Write off was 94.9%

Results Summary for Q4 FY26 and Full Year FY26

• Operating Performance:
  • Net Profit for Q4 FY26 grew 234% YoY to Rs230 crore; For FY26 it grew 18% to Rs 822 crore
  • Operating profit for Q4 FY26 grew 11% YoY to Rs 955 crore; For FY26 it was at Rs 3,299 crore;
  • Net Interest Income (NII) for Q4 FY26 grew 7% YoY at Rs 1,671 crore, NIM for the quarter was 4.41%; For FY26 NII de-grew by 2% YoY to Rs 6,360 crore, NIM for FY26 was 4.51%
  • Other Income for Q4 FY26 grew 7% YoY to Rs 1,069 crore; For FY26 it grew 8% YoY to Rs 4,121 crore
  • Core Fee Income for Q4 FY26 grew 9% YoY to Rs 1,057 crore; For FY26 it grew 9% YoY to Rs 3,735 crore
  • Operating Expenses for Q4 FY26 grew 5% YoY to Rs 1,785 crore; For FY26 it was at Rs 7,182 crore
  • Cost to Income for Q4 FY26 at 65.1%; For FY26 it was at 68.5%
  • Net Total Income for Q4 FY26 grew 7% YoY to Rs 2,740 crore; For FY26 it grew 2% YoY to Rs 10,481 crore
• 
  
  • Deposits Growth predicated on Granular Retail Deposits:
    • Total Deposits grew 25% YoY and 16% QoQ to Rs 139,018 crore
    • CASA grew 23% YoY and 26% QoQ to Rs 46,723 crore; CASA ratio at 33.6%
    • Granular Deposits i.e. deposits less than Rs 3 crore grew 16% YoY & 4% QoQ to Rs 63,943 crore; at 46.0% of total deposits
    • CASA + TD < Rs. 3 crores at 65% of Total Deposits
  • Advances Growth with focus on secured retail assets & commercial banking:
    • Net Advances grew 23% YoY and 11% QoQ to Rs 114,232 crore; Retail: Wholesale advances mix at 59:41
    • Secured Retail Advances grew 36% YoY and 17% QoQ to Rs 40,207 crore
    • Retail Advances book grew 20% YoY and 11% QoQ to Rs 67,119 crore
    • Wholesale advances grew by 28% YoY and 11% QoQ to Rs.47,112 crore; Commercial Banking grew 30% YoY
  • Well capitalized for medium term growth with healthy liquidity:
    • Total capital adequacy was at 14.25% as of 31st March 2026 vs 14.94% as of 31st December 2025;

CET-1 was 12.77% as of 31st March 2026 vs 13.45% as of 31st December 2025

• Average Liquidity Coverage Ratio for Q4 FY26 was 130%
• Asset Quality Trend:
  • Gross NPA ratio as at 31st March 2026 was 1.45% vs 1.88% as at 31st December 2025
  • Net NPA ratio as at 31st March 2026 was 0.39% vs. 0.55% as at 31st December 2025
  • Provision Coverage Ratio including technical write offs was 94.9%
• Expanding Distribution Presence
  • As of 31st March 2026, the Bank has 1,942 total touchpoints of which 603 are bank branches and 1,339 business correspondent branches. Of 1,339 BC branches, 258 are banking outlets. RBL Finserve Limited (“RBL Finserve”), a 100% subsidiary of the Bank, accounts for 1,080 business correspondent branches.
  • In reflecting on this quarter’s and year’s performance, Mr. R Subramaniakumar, MD & CEO, RBL Bank remarked, “Q4 FY26 marks another quarter of stable and sustained operating performance for the Bank. We delivered growth that meaningfully outpaced normalised industry trends, led by sharp momentum in granular retail advances and sustained strengthening of our granular deposit franchise.

    During the quarter, we accelerated branch expansion by adding 23 branches, taking our total network to 603 branches. This expanded footprint strengthens our ability to deepen customer relationships, enhance sourcing capabilities, and support growth across our retail businesses as we enter the new financial year.

    Our core operating engine remains robust, anchored in disciplined execution, a continued focus on building a profitable and resilient balance sheet, and the scaling up of cross-sell initiatives across our existing customer base. During the quarter, the Bank received approvals from the RBI and the CCI for the strategic investment by Emirates NBD P.J.S.C in the Bank, and the transaction is now in its final stages of closure.”

Key financials:

Key ratios: