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RBL Bank (formerly Ratnakar Bank) has reported a net profit of Rs 93 crore on a total income of Rs 603 crore for the fiscal 2014.
Total income was up 57 per cent while net profits were after a one-off charge towards premium paid for acquisition of certain businesses from Royal Bank of Scotland in India. Net profits before the one-off charge was Rs 134 crore, a 44 per cent increase over the previous year.
A press release from the bank said that deposits grew 39% to Rs 11,599 crore while advances grew 54% to Rs 9,835 crore.
The bank added 50 branches last year to take its netwoek to 175 branches and 350 ATMs.
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