RBL Bank has released its second quarter results on Saturday. The bank has reported a sharp decline in its profits. However, double digit growth has been seen in net interest income. Both profit and NII have been below market estimates. The bank's asset quality has seen weakness on a quarter-on-quarter basis. Net interest margins have been weaker than both the same quarter and the first quarter of last year. RBL Bank's stock closed with a gain of more than one percent in Friday's trading.

How were the results?

RBL Bank's second quarter profit was Rs 222.5 crore, which was Rs 294.1 crore a year ago. That is, it has seen a decline of 24.4 percent on a year-on-year basis. This profit figure was 20.1 percent below market estimates. In CNBC TV18's poll, the profit estimate was Rs 278.3 crore. At the same time, the bank's net interest income has been Rs 1615 crore, an increase of 9.5 percent compared to last year. A year ago, this figure was Rs 1475 crore. At the same time, the market had given an estimate of Rs 1664 crore for net interest income, that is, in the last quarter, the bank's net interest income was 3 percent less than market estimates. How were the bank's NPAs? The bank's NPAs have increased on a quarter-on-quarter basis. According to the information given by the bank, the net NPA in the second quarter was 0.79 percent, which was 0.74 percent in the first quarter. At the same time, the gross NPA was 2.88 percent, which was 2.69 percent a year ago. The net interest margin of the bank has slipped both in the same quarter of last year and the previous quarter. Net interest margin in the second quarter was 5.04 percent. Margins were at 5.54 percent on a year-to-date basis and margins were at 5.67 percent in the first quarter.