RBL Bank Gains Around 2% After Reporting March Quarter Results

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RBL Bank Gains Around 2% After Reporting March Quarter Results

Share price of RBL Bank today gained around two per cent on Wednesday, May 5, a day after the bank announced its January-March quarter results for the financial year 2020-21. On Wednesday, RBL Bank opened on the BSE at ₹ 179.45, registering an intra day high of ₹ 186.75 and an intra day low of ₹ 179.45, in the trading session so far. According to a regulatory filing by the bank to the stock exchanges, the private sector bank reported a net profit of ₹ 75 crore in the March quarter, marking a 34 per cent year-on-year decline.
According to the statement, RBL Bank net interest income or NII in the fourth and last quarter of the financial year 2020-21 fell 11 per cent year-on-year to ₹ 906 crore. The lender's net profit and net interest income were below the estimates of analysts.



On the NSE, RBL Bank opened at ₹ 180.25, touching an intra day high of ₹ 186.90 and an intra day low of ₹ 180.25, in the session so far. It was last trading 1.43 per cent higher at ₹ 184.35 on the NSE.

Shares of RBL Bank were last trading 1.35 per cent higher at ₹ 184.20 on the BSE.

SOURCE - https://www.ndtv.com/business/rbl-bank-share-price-today-rbl-bank-stock-gains-around-2-after-reporting-march-quarter-results-2428558