RBL BANK - VIEW POINT
Shares of RBL BankNSE -13.69 % plunged over 13 per cent after the company said that it expects some challenges on some of their exposures in the near term.
The fall came despite the lender reported 41 per cent year-on-year (YoY) rise in profit at Rs 267.10 crore for the quarter ended June 30 against Rs 190 crore in the same period last year. Net interest income, other income and operating profit of the lender jumped 48 per cent, 48 per cent and 43 per cent, respectively, during the quarter.
WITH SUCH KIND OF NEWS, IT APPEARS THAT THE SHARE MAY GO BACK TO 550 LEVELS IN THE COMING DAYS.
The fall came despite the lender reported 41 per cent year-on-year (YoY) rise in profit at Rs 267.10 crore for the quarter ended June 30 against Rs 190 crore in the same period last year. Net interest income, other income and operating profit of the lender jumped 48 per cent, 48 per cent and 43 per cent, respectively, during the quarter.
WITH SUCH KIND OF NEWS, IT APPEARS THAT THE SHARE MAY GO BACK TO 550 LEVELS IN THE COMING DAYS.
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