By Debdeep Gupta | 21 Oct, 2024
RBL Bank shares slip 14% to 52-week low as Q2 net profit falls 24% YoY
RBL Bank's share price declined over 14 percent on October 21 after the company reported a 24 percent decline in net profit in the September quarter to Rs 223 crore on asset quality challenges emanating from credit card and microlending books.The private sector lender had reported a post-tax net profit of Rs 294 crore in the year-ago period, and Rs 372 crore in the preceding June quarter.On Octobe...