RBL Bank’s Q3FY19 NII has improved by 40.2% yoy to Rs655.1cr against Rs467.3cr. The bank’s net profit was in line estimates, a rise of 36.2% yoy to Rs225.2cr. Its GNPA for Q3FY19 was at 1.38% vs. 1.4% qoq. NNPA for the quarter came in at 0.72% against 0.74% qoq, a decline of 2bps.
Advances (Net) at Rs49,892cr and Deposits at Rs52,187cr up 35% yoy
RBL Bank Ltd is currently trading at Rs. 559.05, down by 15.25 points or 2.66% from its previous closing of Rs. 574.30 on the BSE.
The scrip opened at Rs. 578.50 and has touched a high and low of Rs. 578.50 and Rs. 552.40 respectively. So far 21,67,391 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 50 DMA.
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