RBL Bank, formerly known as Ratnakar Bank, posted a net profit of ₹ 201 crore for the quarter ending June 2022 (Q1FY23) period compared to a net loss of ₹ 459 crore in the same quarter last year. Q1 PAT jumped by 2% sequentially from ₹ 198 crore in Q4FY22. Net interest income (NII) stood at ₹ 1,028 crore up by 6% from ₹ 970 crore in Q1FY22, however, down by 9% from ₹ 1,131 crore in Q4FY22. The bank's provisions declined and asset quality improved.