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RBL Bank records sharp profit jump despite elevated provisioning
RBL Bank reported a sharp Q3 profit jump as asset quality improved and income growth offset higher provisions during the quarter.
RBL Bank posted a sharp rise in net profit for the December quarter driven by improved asset quality and higher core income. Net profit surged 555 percent year on year to Rs 214 crore even as provisions remained elevated. Management highlighted stabilising credit costs and steady loan growth, signalling gradual recovery momentum after a challenging period for the private sector lender.