RBL Bank shares successful Monday's commercialized (October 21, 2024) tumbled implicit 14 per cent after the lender posted anemic show successful September quarter. At the past number astatine astir 10:06 am, shares of the slope traded anemic by implicit 12 per cent oregon Rs 25.35 astatine Rs 180.1, portion astatine day's debased it deed levels of Rs 176.5 apiece connected the BSE.
Net nett astatine the lender during the reappraisal play fell 24 per cent year-on-year (YoY) to Rs 223 crore connected plus prime challenges emanating from recognition paper and microlending books.
In the year-ago period, RBL Bank reported a post-tax nett net of Rs 294 crore, and Rs 372 crore successful the preceding June quarter.
The nett involvement margin- a cardinal profitability metric for fiscal institutions- narrowed to 5.04 per cent during the reporting 4th arsenic against 5.54 per cent successful the year-ago period, the slope authoritative said, adding that it whitethorn instrumentality up to 9 months much earlier it climbs backmost to the 5.4-5.5 per cent-mark.