RBL Bank share price crashes 8% after Q2 results - Should investors buy, sell, or hold the stock? Experts decode
New Delhi, Oct. 13 -- RBL Bank shares crashed almost 8% in morning trade on the BSE on Tuesday, 13 October, a day after the bank reported its September quarter earnings. RBL Bank share price opened at Rs.401.95 against its previous close of Rs.420 and crashed 7.7% to an intraday low of Rs.387.85.
On 12 October, the bank said its net profit for Q2FY27 jumped 170% year-on-year (YoY) to Rs.482 crore, while operating profit grew 92% YoY to Rs.1,396 crore.
Its net interest income (NII) during the quarter grew 37% YoY to Rs.2,131 crore, while net interest margin (NIM) stood at 4.61% compared to 4.51% YoY.
Net advances grew 42% YoY to Rs.1,42,314 crore, with retail-wholesale mix at 56:44.
(This is a developing story. Please check back for fr...
Click here to read full article from source
इस लेख के रीप्रिंट को खरीदने या इस प्रकाशन का पूरा फ़ीड प्राप्त करने के लिए, कृपया
हमे संपर्क करें.