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RBL Bank slips on reporting 75% fall in Q2 consolidated net profit

RBL Bank is currently trading at Rs. 262.75, down by 24.15 points or 8.42% from its previous closing of Rs. 286.90 on the BSE.

The scrip opened at Rs. 258.25 and has touched a high and low of Rs. 270.65 and Rs. 230.55 respectively. So far 2519038 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 716.55 on 28-May-2019 and a 52 week low of Rs. 230.55 on 23-Oct-2019.

Last one week high and low of the scrip stood at Rs. 298.90 and Rs. 230.55 respectively. The current market cap of the company is Rs. 11290.04 crore.

The Institutions and Non-Institutions held 44.35% and 55.65% stake respectively in the company.

RBL Bank has reported 73.45% fall in its net profit at Rs 54.31 crore for the quarter ended September 30, 2019 as compared to Rs 204.54 crore for the same quarter in the previous year. However, total income of the bank increased by 42.92% at Rs 2567.68 crore for Q2FY20 as compared Rs 1796.54 crore for the corresponding quarter previous year.

On the consolidated basis, the bank has reported a fall of 74.87% in its net profit at Rs 53.42 crore for the quarter under review as compared to Rs 212.60 crore for the same quarter in the previous year. However, total income of the bank increased by 46.62% at Rs 2633.65 crore for Q2FY20 as compared Rs 1796.24 crore for the corresponding quarter previous year.

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