Tuesday, October 23, 2018

RBL Bank's Net raises by 36%

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 RBL Bank has reported  36 percent on year growth in second quarter at Rs 205 crore. The bank had reported Rs 151 Cr net in the same quarter last year.

Net interest income during the quarter shot up 41 percent to Rs 593 crore, with  loan growth of 37 percent and 34 bps improvement in net interest margin YoY.

The bank's net advanced increased to Rs 45,872.66 crore in Q2 FY19 against Rs 33,576.01 crore in Q2 FY18 and deposits grew by 31 percent to Rs 47,790 crore over the previous year.

The stock is one of the worst performer among Bank Nifty, having lost 12% in the last 30 days.

The stock lost Rs 2 and closed at Rs 467 in today's trade. Results were published after market hours.

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