India's RBL Bank reported a rise in first-quarter profit on Friday, driven by robust expansion in its loan book.
The private lender's net interest income, the spread between interest earned on advances and paid on deposits, grew 12% to 16.54 billion rupees for the quarter ending in June.
Shares of Indian Bank, a public sector lender, jumped nearly 10% on Friday following the release of its own robust first-quarter results.
The results highlight continued strength in India's private banking sector, where credit growth remains a key driver of profitability.
RBL's performance aligns with a broader trend of resilience among Indian lenders, even as the sector navigates evolving interest rate dynamics and credit quality concerns.
The news comes as other Indian banks also report strong quarterly figures.
Shares of Indian Bank, a public sector lender, jumped nearly 10% on Friday following the release of its own robust first-quarter results.