Top 10 Private Banks in India 2017

Banking corporations are considered as the most prominent institution if we talk about private sector firms. We have scrutinized Top 10 Private Banks In India 2017 for the customers who are looking for best private banks with high interest rate. Now your wait is over, check out below given amazing private banking corporations along with saving accounts and interest rate details. The Private Banks Have earned popularity amongst people and achieved a special niche in the world of banking. These banks are known for highly competitive outlook and technological superiority. Check Out private Banks in India from below This Page.

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RBL Bank Q3 result, Profit rose to Rs128.69 crore

RBL Bank Ltd, formerly known as Ratnakar Bank, reported a 59% year-on-year increase in net profit for the December quarter, benefiting from higher interest and non-interest income.

The bank’s profit rose to Rs128.69 crore in the three months from Rs81.05 crore a year ago.

Net interest income, the difference between interest earned on loans and that paid on deposits, rose 45% from a year ago to Rs321.58 crore in the fiscal third quarter. Non-interest income including fees and commissions rose 66% year-on-year to Rs182.26 crore.

The net interest margin for October-December widened to 3.38% from 3.24% a year ago.

Gross non-performing assets (NPAs) as a ratio of gross advances as of 31 December were at 1.06%, lower than 1.1% as of 30 September. The net NPA ratio at the end of the third quarter was 0.52%, down from 0.55% in the second quarter.

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RBL Bank Q2 result, Profit rises 34% to Rs90 crore

RBL Bank Ltd Wednesday said fiscal second-quarter profit rose 34% from a year ago on account of higher interest income.

Net profit increased to Rs.89.89 crore in the three months ended 30 September from Rs.66.93 crore a year ago.

Net interest income (NII), or the core income a bank earns by giving loans, rose 62.81% to Rs302.94 crore from Rs189.93 crore a year ago. Cost-to-income ratio for the September quarter stood at 54.36% compared with 60.93% a year ago.

Advances increased by 44% to Rs24,875 crore for the second quarter, against Rs17,279 crore a year ago. “We are targeting 30%-35% growth in advances over the next four years,” said Rajeev Ahuja, head strategy of RBL Bank.

Gross non-performing assets (NPAs) edged up to Rs274.65 crore from Rs161.61 crore a year ago. As a percentage of total loans, gross NPAs were 1.1% at the end of the September quarter, compared to 1.13% in the previous quarter and 0.93% in the year-ago quarter. Net NPAs stood at 0.55% for the first quarter compared to 0.66% in the last quarter and 0.48% a year ago.

Provision coverage ratio stood at 60.34% for the second quarter. Capital adequacy ratio was 14.55%.

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