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RBL Bank reports 75% fall in Q2 consolidated net profit

23 Oct 2019 Evaluate

RBL Bank has reported results for second quarter ended September 30, 2019.

The bank has reported 73.45% fall in its net profit at Rs 54.31 crore for the quarter under review 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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