April18, 2019 The Secretary, Listing Department, BSE Limited, 1'' Floor, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400001 Script Code: 540065 RBlBANK The Manager, Listing Department, The National Stock Exchange Limited, Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E) Mumbai -400051 Script Name: RBLBANK apno i<a bani< Dbdo>urt= under relevant provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI LODR") Sub: Outcome of Board Meeting Dear Sir/Madam, Pursuant to the applicable provisions of SEBI LODR, this is to inform you that the Board of Directors of the Bank at its meeting held today has, inter-alia, considered/approved the following: 1. Audited Standalone Financial Results for the quarter and year ended March 31, 2019 along with the Auditors Report (with unmodified opinion) duly considered by the Audit Committee of the Board and which were approved by the Board of Directors at its meeting held today (enclosed); 2. Audited Consolidated Financial Results for the year ended March 31, 2019 along with the Auditors Report (with unmodified opinion) duly considered by the Audit Committee of the Board and which were approved by the Board of Directors at its meeting held today (enclosed); 3· Recommended dividend of Rs. 2.70 per equity share of Rs 10/- each (27%) to be payable subject to the approval of the shareholders of the Bank at their ensuing Annual General Meeting ("AGM"); 4· Re-validated/Renewed their earlier approval for issue of debt securities on private placement basis subject to the approval of the shareholders of the Bank at their ensuing AGM; 5· Approved raising of funds aggregating up to Rs. 3,500 crore, including through issuance of equity shares/depository receipts and other securities including through QIP I GDRs/ ADRs/ FCCBs, or such methods, subject to such regulatory/statutory approvals as may be required, including approval of shareholders of the Bank, at the ensuing Annual General Meeting of the Bank. www.rblbank.corn RBL Bank Limited Controlling Office: One India bulls Centre. Tower 28, 6th Floor, 841. Senapati Bapat Marg.Lower Parel, Mumboi- 400 013. Maharashtra, India )Teh91 43il:Jtl.6fif)::!l\;; Registered Office: 1st Lane, Shahup(lri, Holhapur- 416 001. India.) Tel.: +912316650211•1 Fax: <-912312657386 CIN: L65191PN1943PLC007308 ·E-mail: [email protected]
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April18, 2019
The Secretary,
Listing Department,
BSE Limited,
1'' Floor, Phiroze Jeejeebhoy Towers,
Dalal Street,
Mumbai- 400001
Script Code: 540065
RBlBANK The Manager,
Listing Department,
The National Stock Exchange Limited,
Exchange Plaza, C-1, Block G,
Bandra Kurla Complex, Bandra (E)
Mumbai -400051
Script Name: RBLBANK
apno i<a bani<
Rt=~: Dbdo>urt= under relevant provisions of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 ("SEBI LODR")
Sub: Outcome of Board Meeting
Dear Sir/Madam,
Pursuant to the applicable provisions of SEBI LODR, this is to inform you that the Board of
Directors of the Bank at its meeting held today has, inter-alia, considered/approved the
following:
1. Audited Standalone Financial Results for the quarter and year ended March 31, 2019
along with the Auditors Report (with unmodified opinion) duly considered by the Audit
Committee of the Board and which were approved by the Board of Directors at its
meeting held today (enclosed);
2. Audited Consolidated Financial Results for the year ended March 31, 2019 along with the
Auditors Report (with unmodified opinion) duly considered by the Audit Committee of
the Board and which were approved by the Board of Directors at its meeting held today
(enclosed);
3· Recommended dividend of Rs. 2.70 per equity share of Rs 10/- each (27%) to be payable
subject to the approval of the shareholders of the Bank at their ensuing Annual General
Meeting ("AGM");
4· Re-validated/Renewed their earlier approval for issue of debt securities on private
placement basis subject to the approval of the shareholders of the Bank at their ensuing
AGM;
5· Approved raising of funds aggregating up to Rs. 3,500 crore, including through issuance of equity shares/depository receipts and other securities including through QIP I GDRs/ ADRs/ FCCBs, or such methods, subject to such regulatory/statutory approvals as may be required, including approval of shareholders of the Bank, at the ensuing Annual General Meeting of the Bank.
www.rblbank.corn
RBL Bank Limited Controlling Office: One India bulls Centre. Tower 28, 6th Floor, 841. Senapati Bapat Marg.Lower Parel, Mumboi- 400 013. Maharashtra, India )Teh91 43il:Jtl.6fif)::!l\;;
Auditor's Report on the Standalone Financial Results of RBL Bank Limited pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
To the Board of Directors of RBL Bank Limited
1. We have audited the accompanying annual Standalone Financial Results of RBL Bank Limited (the 'Bank') for the year ended 31 March 2019 (the 'Financial Results'), attached herewith, being submitted by the Bank pursuant to the requirement of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure requirements) Regulations, 2015 (the 'Listing Regulations'). The disclosures relating to 'Pillar 3 under Basel III Capital Regulations' and those relating to 'Leverage Ratio', 'Liquidity Coverage Ratio' under Capital Adequacy and Liquidity Standards issued by Reserve Bank of India ('RBI') have been disclosed on the Bank's website and in respect of which a link has been provided in the Financial Results and have not been audited by us. Attention is drawn to the fact that the figures for the quarter ended 31 March 2019 and the corresponding quarter ended in the previous year as reported in these Financial Results are the balancing figures between audited figures in respect of the full financial year and the published year to date figures up to the end of the third quarter of the relevant financial year. Also the figures up to the end of the third quarter had only been reviewed and not subjected to audit.
2. These Financial Results have been prepared on the basis of the standalone financial statements and reviewed quarterly standalone financial results up to the end of the third quarter which are responsibility of the Bank's Management. Our responsibility is to express an opinion on these Financial Results based on our audit of the annual standalone financial statements, which have been prepared in accordance with the recognition and measurement principles prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules issued thereunder, provisions of Section 29 of the Banking Regulation Act, 1949, circulars, guidelines and directions issued by RBI from time to time and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations.
3. We conducted our audit in accordance with the auditing standards generally accepted in India. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the Financial Results are free of material misstatements. An audit includes examining, on a test basis, evidence supporting the amounts disclosed as Financial Results. An audit also includes assessing the accounting principles used and significant estimates made by management. We believe that our audit provides a reasonable basis for our opinion.
8 SA & Co (a partnership firm with Registration No. 8A61223) converted into 8 S A & Co. LLP (a Limited Liability, Partnership with LLP Registration No. AA8-8181) with effect from October 14, 2013
Registered Office: 5th Aoor, Lodha Excelus Apollo Mills Compound N. M. Joshi Marg, Mahalaxmi Mumbai - 400 011. India
8 SA & Co. LLP
Auditor's Report on the Standalone Financial Results of RBL Bank Limited pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Continued)
4. In our opinion and to the best of our information and according to the explanations given to us, these Financial Results;
i. have been presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and
u. give a true and fair view of the net profit and other financial information for the year ended 31 March 2019.
Mumbai 18 April2019
ForBS R& Co. LLP Chartered Accountants
Firm's Registration No: 10124 W/W-100022
Manoj Kumar Vijai Partner
Membership No: 046882
B S R & Co . LLP Chartered Accountants
5th Floor, Lodha Excelus, Apollo Mills Compound N. M. Joshi Marg, Mahalaxmi Mumbai- 400 011 India
Auditor's Report on the Consolidated Financial Results of RBL Bank Limited pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
To the Board of Directors of RBL Bank Limited
1. We have audited the accompanying annual Consolidated Financial Results of RBL Bank Limited (the 'Bank') and its subsidiary (the Bank and its subsidiary together referred to as 'the Group') for the year ended 31 March 2019 (the 'Consolidated Financial Results'), attached herewith, being submitted by the Bank pursuant to the requirement of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the 'Listing Regulations').
2. These Consolidated Financial Results have been prepared on the basis of the consolidated financial statements which are the responsibility of the Bank's Management. Our responsibility is to express an opinion on these Consolidated Financial Results based on our audit of the annual consolidated financial statements, which have been prepared in accordance with the recognition and measurement principles laid down in the Accounting Standards prescribed under Section 133 of the Companies Act, 2013 (the 'Act') read with the relevant mles issued thereunder, provisions of Section 29 of the Banking Regulation Act, 1949, circulars, guidelines and directions issued by RBI from time to time and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations .
3. We conducted our audit in accordance with the auditing standards generally accepted in India. Those standards require thal we plan and perform the audit to obtain reasonable assurance about whether the Consolidated Financial Results are free of material misstatements. An audit includes examining, on a test basis, evidence supporting the amounts disclosed as Consolidated Financial Results. An audit also includes assessing the accounting principles used and significant estimates made by management. We believe that our audit provides a reasonable basis for our opinion.
4. In our opinion and to the best of our information and according to the explanations given to us, these Consolidated Financial Results:
(i) include the annual financial results of RBL Finserve Limited (formerly Swadhaar FinServe Private Limited), a subsidiary company of the Bank;
(ii) have been presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and
B S R & Co (a partnership firm with Registration No. BA61223) converted into B S R & Co. LLP (a Limited Liability, Partnership with LLP Registration No. AAB-8181) with effect from October 14, 2013
Registered Office: 5th Floor, Lodha Excelus Apollo Mills Compound N. M. Joshi Marg, Mahalaxmi Mumbai - 400 011. India
B S R & Co. LLP
Auditor's Report on the Consolidated Financial Results of RBL Bank Limited pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Continued)
RBL Bank Limited
(iii) give a true and fair view of the consolidated net profit and other financial information for the year ended 31 March 2019.
Income on investments 29,739 27,383 24,964 109,344 99,817 109,344 99,817 Interest on balances with Reserve Bank of India and other inter-bank funds 4,523 2,421 1,659 11,124 7,015 11,124 7,015
Others 2,286 1,048 398 4,620 835 4,757 880
Other Income 40,923 37,406 31,198 144,237 106,819 144,098 106,881
Total Income (1+2) 224,335 201,299 153,469 774,308 557,576 774,306 563,029
Particulars Audited Unaudited Audited Audited Audited Audited Audited Net Profit(+)/ loss(-) for the period before Minority Interest {12-13) 24,718 22,519 17,812 86,695 63,509 86,136 63,921 Less : Share of Minority Interest 353 162 Add : Share in profit I (loss) of associate - (590)
1. These results have been reviewed by the Audit Committee and subsequently taken on record and approved by the
Board of Directors of the Bank at its meeting held in Mumbai on April 18, 2019. There are no qualifications in the
auditor's report for the quarter and year ended March 31, 2019.
2. The figures of the last quarter for the current year and for the previous year are the balancing figures between
audited figures in respect of the full financial nd the unaudited published year to date figures up to the third
Page 2 of 5
RBL BA K apno ka bank
3. The results for the quarter and year ended March 31, 2019 have been arrived at after considering provision for
standard assets including requirements for exposures to entities with Un-hedged Foreign Currency Exposures, Non
Performing Assets (NPAsL depreciation on investments, income-tax and other usual and necessary provisions.
4. During the current financial year, the RBL Bank Limited increased its equity stake to 100% in RBL FinServe Limited
(RFL) {Formerly known as Swadhaar FinServe Private Limited) and the company has become fully owned subsidiary
of RBL Bank Limited with effect from June 28, 2018. During the previous year ended March 31, 2018, the Bank
increased its equity stake in RFL from 30.00% to 60.48%, following which the company became a "Subsidiary" of the
Bank with effect from November 8, 2017.
5. During the quarter and year ended March 31, 2019, the Bank allotted 1,274,837 and 7,042,181 shares respectively,
pursuant to the exercise of stock options under its Employees Stock Option Scheme.
6. For the financial year ending March 31, 2019, the Board of Directors have proposed a dividend of< 2.701- per share
(previous year< 2.101- per shareL subject to the approval of the members at the ensuing Annual General Meeting.
7. The business operations of the Bank are largely concentrated in India and for the purpose of segment reporting, the
Bank is considered to operate only in domestic segment.
8. RBI Circular DBR.No.BP.BC.1I21.06.201I2015-16 dated July 01, 2015, on 'Basel Ill Capital Regulations' read together
with the RBI circular DBR.No.BP.BC.80I21.06.201I2014-15 dated March 31, 2015 on 'Prudential Guidelines on
Capital Adequacy and Liquidity Standards- Amendments' requires banks to make applicable Pillar 3 disclosures
including Leverage Ratio and Liquidity Coverage Ratio (LCR) under Basel Ill Framework. Accordingly, such applicable
disclosures have been placed on the website of the Bank which can be accessed at the following link:
http:/ / www.rblbank.com/ Base iD!sclosures.aspx. These disclosures have not been subjected to audit by the
Statutory Auditors .
9. The disclosures for NPA referred to in point 21 (iv) above correspond to Non Performing Advances.
10.The Bank has followed the same significant accounting policies in the preparation of these financial results as those
followed in the annual financial statement for the year ended March 31, 2019.
11.Previous period I year figures have been regrouped I reclassified, where necessary to conform to current period 1 year classification.
Page 3 of 5
SEGMENT REPORTING FOR THE QUARTER AND YEAR ENDED MARCH 31,2019
Sr. Particulars No
1
(a)
(b)
(c)
(d)
2
(a)
(b)
(c)
(d)
Segment Revenue
Corporate I Wholesale
Banking
Retail Banking
Treasury
Other Banking
Operations
Total [Items (a) to (d)]
Less: Inter Segment
Revenue
Total Income
Segment Results (Profit)(+)/ Loss(-)
before tax and interest)
Corporate I Wholesale
13anking
Retail Banking
Treasury
Other Banking
Operations
Total [Items (a) to (d)]
Less: i) Interest
ii) Other Un-allocable
Expenditure net off
(iii) Un-allocable income
Total Profit Before Tax
3 Segment Assets
Corporate/Wholesale
Banking
Retail Banking
Treasury
Other Banking
Operations
Unallocated
Total
4. Segment Liabilities
Corporate/Wholesale
Banking
Retail Banking
Treasury
Other Banking
Operations
Unallocated
Capital and Reserves
Total
Quarter ended
31.03.2019 Audited
128,163
109,175
133,482
47,457
418,277
193,942
224,335
16,67tl
8,723
1,166
9,434
35,997
(5)
36,002
3,348,889
1,604,970
2,378,718
537,003
166,302
8,035,882
2,104,407
2,976,795
2,186,824
12,484
Quarter ended
31.12.2018 Unaudited
125,732
103,961
120,950
40,614
391,257
189,958
201,299
11,942
8,780
7,004
6,055
33,781
2
33,779
3,167,282
1,423,124
2,068,657
460,093
101,044
7,220,200
1,922,523
2,t195,06tl
2,062,639
11,296
Standalone
Quarter ended
31.03.2018 Audited
76,896
79,202
95,475
22,551
274,125
120,656
153,469
9,419
10,112
3,504
3,980
27,015
(4)
(5)
27,024
2,660,544
1,187,634
1,993,604
227,381
115,912
6,185,075
1,283,982
2,191,031
2,025,035
16,095
640 1,109 535
754,732 ..,.,=>.o&.<l. 668,397
8,035,882 I£~~ ~185,075
Year ended
31.03.2019 Audited
434,884
392,341
465,713
147,050
1,439,988
665,680
774,308
49,352
39,877
13,944
26,741
129,914
(1)
129,915
1,604,970
2,378,718
537,003
166,302
8,035,882
2,104,407
2,976,795
2,186,824
12,484
640
754,732
* -
Year ended
31.03.2018 Audited
291,054
300,644
364,869
59,332
1,015,899
458,323
557,576
37,421
24,226
25,820
8,902
96,369
47
(333)
96,655
2,660,544
1,187,634
1,993,604
227,381
115,912
6,185,075
1,283,982
2,191,031
2,025,035
16,095
535
668,397
6,185,075
RBL BA K apno ka bank
(~in Lacs)
Consolidated
Year ended
31.03.2019 Audited
434,884
392,341
465,713
147,049
1,439,987
665,681
774,306
49,352
39,877
13,944
26,610
129,783
129,783
1,604,970
2,378,718
540,900
166,302
8,039,779
2,104,407
2,976,795
2,186,824
16,381
1,893
753,479
8,039,779
Year ended
31.03.2018 Audited
291,054
300,644
364,869
64,786
1,021,353
458,324
563,029
37,421
24,226
25,820
9,630
97,097
47
(333)
97,383
2,660,544
1,187,634
1,993,604
230,033
115,912
6,187,727
1,283,982
2,191,031
2,025,035
18,746
877
668,056
6,187,727
Page 4 of 5
RBL BA N K apno ka bank
Business Segments have been identified and reported taking into account the target customer profile, the nature of products and services, the differing risks and returns, the organisation structure, the internal business reporting structure, guidelines prescribed by RBI and in compliance with the Accounting Standard 17 -"Segment Reporting" .
SUMMARISED BALANCE SHEET
Particulars
CAPITAL AND LIABILITIES
Capital
Reserves and Surplus
Minority Interest
Deposits
Borrowings
Other Liabilities and Provisions
Total
ASSETS
Goodwill on Consolidation
Cash and Balances with Reserve Bank of India
Balances with banks and money at call and short notice
Investments
Advances
Fixed Assets
Other Assets
Total
Place: Mumbai
Date: April18, 2019
(~in Lacs) Standalone Consolidated
March 31, 2019
(Audited)
42,671
712,061
5,839,442
1,183,207
258,501
8,035,882
483,952
176,259
1,684,036
5,430,824
40,248
220,563
8,035,882
March 31, 2018 March 31, 2019
(Audited) (Audited)
41,967 42,671
626,430 710,808
-4,390,226 5,835,763
926,144 1,183,207
200,308 267,330
6,185,075 8,039,779
4,068
258,933 484,005
169,511 180,867
1,544,750 1,674,517
4,026,784 5,430,824
33,400 41,551
151,6g7 223,947
6,185,075 8,039,779
For RBL Bank Limited
Vishwavir Ahuja Managing Director & CEO
March 31, 2018
{Audited)
41,967
626,089
1,882
4,388,310
926,144
203,335
6,187,727
1,829
258,946
172,069
1,539,704
4,026,784
33,964
154,431
6,187,727
Page 5 of 5
Ap ri11 8, 2019
The Secretary, Listing De partment, BSE Limited, 151 Floor, Phiroze Jeejeebhoy Towe rs, Dala l Street, Mumbai - 400001
Script Code: 540065
The Manager, Listing Department,
b
The National Stock Exchange Limited, Exchange Plaza, C-1, Block G, Sandra Kurla Complex, Sandra (E) Mumbai -400051
Script Name: RBLBANK
RBLBANK apno ka bank
Ref: Regulation 33(3)(d) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
read with SEBI Circular bearing Ref No. CIR/CFD/CMD/56/2016 dated May 27,2016
Sub: Decl aration in respect of Audit Repo rts with Unmodified Opinion
Dear Sir,
We hereby declare a nd confirm that the Auditors' Report on Audited Standalone Financial
Results/Statements a nd Audited Consolidated Financial Results/St at ements for the quarter I year e nded
on March 31, 2019 approved at the Board Meeting he ld today is with Unmodified Opinion.
F~r RBL Bank~.
~iya Chief Financial Officer (interim)
www.rblbank.com
RBL Bank Limited Control ling Office: One lndiabulls Cent re, Tower 2B. 6th Floor. 841. Senapati Bapat Marg. Lower Parel. Mumbai - 400 013, Maharashtra, India I Tel:•91 22 43020600 1 Fax:•9122 43020520
RBL Bank Limited One Indiabulls Centre, Tower 2B 6th Floor, 841, Senapati Bapat Marg, Lower Parel West, Mumbai 400013
Page 1 of 4
For immediate release Financial Results for Q4 FY19 RBL Bank reports advances growth of 35% in Q4 FY19, Operating profit increase of 46% and Net Profit increase of 39% at 247.2 crore on a YoY basis Key financial highlights: Q4 FY19 Net Profit up by 39% to 247.2 crore Advances (Net) at 54,308.2 crore and Deposits at 58,394.4 crore up by 35% and 33% respectively on Year on Year (YoY) basis Net Interest Income (NII) up by 48% to 738.7 crore Other Income up by 31% to 409.2 crore Core fee income up by 43% to 387.6 crore NIM improves to 4.23% up from 3.98% in Q4 FY18. Cost to income ratio is at 51.2% Gross NPA ratio at 1.38% (1.40% in Q4 FY18); Net NPA ratio at 0.69% (0.78% in Q4 FY18); Provision coverage ratio increases to 65.30% (57.57% in Q4 FY18); Net stressed assets at 0.73% (0.86% in Q4 FY18) Return on Assets at 1.30% up from 1.25% in Q4 FY18; Return on Equity at 13.41% up from 10.90% in Q4 FY18 Mumbai, April 18, 2019: The Board of Directors of RBL Bank Limited at its meeting held today, approved the audited financial results for the quarter and year ended March 31, 2019. Key Financials:
Rs. in crore Q4 FY19 Q4 FY18 YoY Q3 FY19 QoQ FY19 FY18 YoY Net Interest Income 738.7 500.5 48% 655.1 13% 2,539.5 1766.3 44% Other Income 409.2 312.0 31% 374.1 9% 1,442.4 1068.2 35% Net Total Income 1,148.0 812.4 41% 1,029.2 12% 3,981.9 2834.5 40% Operating Profit 560.0 383.1 46% 498.5 12% 1,939.8 1331.1 46% Net profit (after tax) 247.2 178.1 39% 225.2 10% 867.0 635.1 37%
Rs. in crore March 31, 2019 March 31, 2018 YoY December 31, 2018 QoQ Advances (Net) 54,308.2 40,267.8 35% 49,892.6 9% Deposits 58,394.4 43,902.3 33% 52,187.1 12% Investments (Net) 16,840.4 15,447.5 9% 14,814.5 14%
Key ratios: Particulars (in %) Q4 FY19 Q4 FY18 FY19 FY18 Net Interest Margin 4.23 3.98 4.14 3.80 Cost to Income 51.22 52.85 51.28 53.04 Return on Assets 1.30 1.25 1.27 1.21 Return on Equity 13.41 10.90 12.15 10.95 Gross NPA 1.38 1.40 1.38 1.40 Net NPA 0.69 0.78 0.69 0.78 Provision Coverage Ratio 65.30 57.57 65.30 57.57
RBL Bank Limited One Indiabulls Centre, Tower 2B 6th Floor, 841, Senapati Bapat Marg, Lower Parel West, Mumbai 400013
Page 2 of 4
Performance highlights – Quarter ended March 31, 2019 (Q4 FY19): Net Interest Income (NII) at 738.7 crore as against 500.5 crore in Q4 FY18, an increase of 48% Other Income at 409.2 crore as against 312.0 crore in Q4 FY18, an increase of 31% Core fee income at 387.6 crore as against 270.4 in Q4 FY18, an increase of 43% Operating profit at 560.0 crore as against 383.1 crore in Q4 FY18, an increase of 46% Net profit at 247.2 crore as against 178.1 crore in Q4 FY18, an increase of 39% Net Interest Margin (NIM) at 4.23% as against 3.98% in Q4 FY18, an improvement of 25 bps Cost to Income ratio at 51.22% as against 52.85% in Q4 FY18, a decline of 1.63% Return on Assets (RoA) at 1.30% as against 1.25% in Q4 FY18 Return on Equity (RoE) at 13.41% as against 10.90% in Q4 FY18 Performance highlights – Full Year ended March 31, 2019 (FY19): Net Interest Income (NII) at 2,539.5 crore as compared to 1,766.3 crore in the year ended March 31, 2018 ( FY18), registering an increase of 44% Other Income at 1,442.4 crore as against 1,068.2 crore in FY18, an increase of 35% Operating profit at 1.939.8 crore as against 1,331.1 crore in FY18, an increase of 46% Net profit at 867.0 crore as against 635.1 crore in FY18, showing an increase of 37% Net Interest Margin (NIM) at 4.14% as against 3.80% in FY18, showing an improvement of 34 bps Cost to Income ratio at 51.28% as against 53.04% in FY18, a decline of 1.76% Return on Assets (RoA) at 1.27% as against 1.21% in FY18 Return on Equity (RoE) at 12.15% as against 10.95% in FY18 Net Advances as at March 31, 2019 stood at 54,308.2 crore as compared to 40,267.8 crore as at March 31, 2018, a growth of 35% Gross NPA decreased to 1.38% as at March 31, 2019 against 1.40% as at March 31, 2018. Net NPA decreased to 0.69% as at March 31, 2019 against 0.78% as at March 31, 2018. Deposits as at March 31, 2019 stood at 58,394.4 crore as compared to 43,902.3 crore as at March 31, 2018, a growth of 33% Current Accounts & Savings Accounts (CASA) ratio improved to 24.98% as at March 31, 2019 from 24.32% as at March 31, 2018 Capital Adequacy Ratio as per BASEL III Capital regulations as at March 31, 2019 was 13.46% against 15.33% as at March 31, 2018 The bank has 324 branches as of March 31, 2019. In addition the Bank also has 993 business correspondent branches, of which 226 are banking outlets. RBL Finserve Limited (“RBL Finserve”) (Formerly Swadhaar Finserve Private Limited), a 100% subsidiary of the Bank, accounts for 452 business correspondent branches
RBL Bank Limited One Indiabulls Centre, Tower 2B 6th Floor, 841, Senapati Bapat Marg, Lower Parel West, Mumbai 400013
Page 3 of 4
Operating review Asset growth and quality The Bank’s growth in advances portfolio continued to be robust at 35% on a year-on-year basis. The net advances as at March 31, 2019 were 54,308.2 crore as against 40,267.8 on March 31, 2018, with all-round growth observed in all business segments. The growth in the Corporate & Institutional segment and Commercial Banking (together termed as “Wholesale portfolio”) was pegged at 25%, while that of other segments (Retail Assets and Development Banking & Financial Inclusion – together termed as (“Non-wholesale portfolio”) was 49%. The non-wholesale portfolio constituted about 44% of the loan portfolio of the Bank as at March 31, 2019. The gross NPA ratio has decreased to 1.38% as at March 31, 2019 from 1.40% as at March 31, 2018. The restructured standard assets portfolio has decreased to 0.04% as at March 31, 2019 from 0.08% as at March 31, 2018. The net NPA ratio has decreased to 0.69% as at March 31, 2019 from 0.78% as at March 31, 2018. The net stressed assets of the Bank have decreased to 0.73% as at March 31, 2019 from 0.86% as at March 31, 2018. The Bank’s provisioning coverage ratio (including technical write-offs), improved to 65.30% as at March 31, 2019 as compared to 57.57% as at March 31, 2018. Deposit growth The Bank’s deposits grew on 33% year on year basis with CASA growing faster at 37%. Deposits grew to 58,394.4 crore as at March 31, 2019 as against 43,902.3 crore as at March 31, 2018. CASA ratio increased to 24.98% as at March 31, 2019 compared to 24.32% as at March 31, 2018. Capital adequacy The Bank’s capital adequacy ratio as at March 31, 2019 was 13.46% and Tier-1 capital adequacy ratio was 12.10%, significantly higher than the regulatory requirements. Consolidated Financial Results The consolidated net profit for the year ended March 31, 2019 was Rs. 857.83 crore as compared to Rs.631.69 crores, up 36%, over the previous year ended March 31, 2018. Commenting on the performance Mr. Vishwavir Ahuja, MD & CEO, RBL Bank said “The year 2018-19 has been a challenging year for the banking sector. In this backdrop, I am happy to report that our Bank has continued to consistently maintain its strong growth momentum and improvement in operating metrics while maintaining robust asset quality. In our chosen segments the Bank continues to grow at a rapid pace towards reaching market leadership. We continue to see strong traction in customer acquisition and brand acceptance across all our businesses in our journey to be the “Bank of Choice” for our customers “.
RBL Bank Limited One Indiabulls Centre, Tower 2B 6th Floor, 841, Senapati Bapat Marg, Lower Parel West, Mumbai 400013
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About RBL Bank RBL Bank is one of India’s fastest growing private sector banks with an expanding presence across the country. The Bank offers specialized services under six business verticals namely: Corporate & Institutional Banking, Commercial Banking, Branch & Business Banking, Retail Assets, Development Banking and Financial Inclusion, Treasury and Financial Markets Operations. It currently services over 6.5 million customers through a network of 324 branches, 993 business correspondent branches (of which 226 banking outlets) and 341 ATMs spread across 21 Indian states and Union Territories. RBL Bank is listed on both NSE and BSE (RBLBANK). For further details, please visit www.rblbank.com Ratings: ICRA AA- (Hyb) with a stable outlook for Basel III compliant Tier II subordinate debt program CARE AA- with a stable outlook for Basel III compliant Tier II subordinate debt program ICRA MAA with a stable outlook for Fixed (Medium Term) Deposits program ICRA A1+ for Fixed (Short Term) Deposits program ICRA A1+ for certificate of deposit program Media Contact(s):
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Disclaimer
ALL FIGURES IN THIS DOCUMENT ARE IN INR CRORE UNLESS MENTIONED OTHERWISE ; 1 CRORE = 10 MILLION
Glossary and Key Notes
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AEPS Aadhaar Enabled Payment System IFI Institutional Financial Inclusion
Agri Agribusiness Banking INR Indian Rupee
API Application Programming Interface IPO Initial Public Offering
ARC Asset Reconstruction Company LAP Loan Against Property
ATM Automated Teller Machine MF Mutual Funds
BC Business Correspondent Mn Million
BIL Business Installment MSME Micro, Small and Medium Enterprises
Bps Basis Points NABARD National Bank for Agriculture and Rural Development
BVPS Book Value Per Share NFB Non Fund Based
C&IB Corporate & Institutional Banking NIM Net Interest Margin
CAGR Compounded Annual Growth Rate NNPA Net Non Preforming Assets
CASA Current Account and Savings Account NPA Non Performing Assets
CB Commercial Banking PCR Provision Coverage Ratio
CBDT Central Board for Direct Taxes PIL Personal Installment Loan
CC Credit Card Q1 3 month period ended June 30( April 1 - June 30)
CEO Chief Executive Officer Q2 3 month period ended September 30( July 1 - September 30)
CET1 Core Equity Tier 1 Q3 3 month period ended December 31( October 1 - December 31)
Cr Crore Q4 3 month period ended March 31(January 1 - March 31)
CRAR Capital to Risk Weighted Assets Ratio QoQ Quarter on Quarter
CSP Customer Service Point 9M 9 month period ended December 31( April 1 - December 31)
CSR Corporate Social Responsibility RBI Reserve Bank of India
DB & FI Development Banking & Financial Inclusion RoA Return on Assets
DBT Direct Benefit Transfer RoE Return on Equity
FICC Fixed Income, Currency and Commodity RWA Risk Weighted Assets