RBL Bank, headquartered in Kolkata, India, reported a remarkable 233% increase in net profit for the fourth quarter, reaching ₹230 crore compared to ₹69 crore in the same quarter last year. This growth was driven by robust business expansion, improved asset quality, and lower provisions. The bank's annual net profit also rose by 18% to ₹822 crore. However, the net interest margin (NIM) decreased to 4.41%, down from 4.63% in the previous quarter and 4.89% from a year ago. The bank's net advances increased 23% year-on-year to ₹1.14 lakh crore, with the retail segment contributing 59% of this growth. Additionally, the bank's gross non-performing assets ratio improved to 1.45%, aided by ₹911 crore of technically written-off loans during the quarter. RBL Bank's managing director, R. Subramaniakumar, stated that the bank has not experienced any significant impact from the ongoing West Asia crisis. The bank also plans to maintain its share of unsecured loans between 20% and 25%. Furthermore, RBL Bank is preparing for a strategic investment from Emirates NBD, which is set to acquire a 74% stake for approximately $3 billion. Approvals from the Reserve Bank of India and the Competition Commission of India are already in place, pending government approval for the foreign direct investment.