Why is RBL going down?
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Why is RBL going down?
Shares of RBL Bank plunged 15 per cent to Rs 172.10 on the BSE in Friday’s intra-day trade after the private sector lender reported a disappointing set of numbers, with profit after tax (PAT) down as much as 95 per cent year-on-year (YoY) at Rs 31 crore in September quarter (Q2FY22), due to higher provision and weak …
Is RBL bank Safe 2021?
Investing in a fixed deposits with the highest rating of AAA, rated by ICRA and CRISIL, is a reliable investment option. Thus, RBL Bank term deposit is safe and secure, as the funds are backed by the government no matter what the current situation of the Bank is.
Is RBL Bank Nationalised bank?
RBL Bank, formerly known as Ratnakar Bank, is an Indian private sector bank headquartered in Mumbai and founded in 1943….RBL Bank.
| Type | Public |
|---|---|
| Traded as | BSE: 540065 NSE: RBLBANK |
| Founded | 1943 |
| Headquarters | Mumbai, Maharashtra, India |
| Key people | Mr Vishwavir Ahuja (MD & CEO) |
Is RBL a Nationalised bank?
When was RBL bank established?
August 1943
RBL Bank/Founded
Why is RBL Bank stock falling after 2 days of consecutive gain?
The bank incurred losses on a rise in the provisioning due to second wave of pandemic.The lender’s share touched an intraday low of Rs 189.35, falling 2.62\% against previous close of Rs 194.45 on BSE. RBL Bank stock has fallen after 2 days of consecutive gain.
RBL Bank share fell over 2\% amid a rising market today after the lender reported a loss of Rs 459.47 crore in the June quarter against a profit of Rs 141 crore in the corresponding quarter of previous fiscal.
What’s going on with RBL Bank?
RBL Bank has been the stock market darling ever since it hit the primary market in 2016. But the stock has come under severe pressure recently, losing about 40 per cent over the past month, since it announced its June quarter results.
What are the key products/revenue segments of rbirbl Bank Ltd?
RBL Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest On Balances with RBI and Other Inter-Bank Funds and Interest for the year ending 31-Mar-2021.
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