RBL Bank has posted an 11.5% rise in net profit to Rs 233.09 crore in the December quarter compared to Rs 208.97 crore a year ago, due to provisioning towards Alternate Investment Fund (AIF) investment.

The private sector lender's net interest income (NII) in the fiscal third quarter rose 21% year-on-year to Rs 1,546 crore.

Other income rose by 26% YoY to Rs 778 crore.

RBL Bank has made a provision of Rs 115 crore towards AIF, following the Reserve Bank of India’s norms.

Net interest margin (NIM) stood at 5.52%, up from 5.27%.

The bank's gross non-performing asset (NPA) stood at 3.12%, same as the previous quarter. In the year-ago period, gross NPA was at 3.61%. 

Net NPA for the December quarter stood at 0.8%, marginally up from 0.78% a quarter ago. In the earlier-year period, net NPA was at 1.18%.

The bank’s loan book grew 20% YoY to Rs 79,949 crore. The bank expects the retail segment to drive credit expansion.

Total deposits grew 13% YoY to Rs 92,746 crore. CASA (current account savings account) deposits grew 5% YoY to Rs 31,338 crore. CASA ratio stood at 33.8% compared to 36.6% in the year-ago period.

The bank’s capital adequacy ratio stood at 16.42% compared to 17.07% in the preceding quarter. This follows an increase in risk weights for unsecured loans and loans to non-banking financial companies (NBFCs), as prescribed by the Reserve Bank of India.