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RBL Bank reports over 2-fold jump in Q2 consolidated net profit

28 Oct 2020 Evaluate

RBL Bank has reported results for second quarter ended September 30, 2020.

The bank has reported over 2-fold jump in its net profit of Rs 144.16 crore for the quarter under review as against net profit of Rs 54.31crore for the same quarter in the previous year. However, total income of the bank marginally decreased 1.33% at Rs 2,533.47 crore for Q2FY21 as compared Rs 2,567.68 crore for the corresponding quarter previous year.

On the consolidated basis, the bank has reported over 2-fold jump in its net profit at Rs 152.43 crore for the quarter under review as against net profit of Rs 53.42 crore for the same quarter in the previous year. However, total income of the bank marginally decreased by 0.75% at Rs 2,613.89 crore for Q2FY21 as compared Rs 2,633.65 crore for the corresponding quarter previous year.

Peers
Company Name CMP
HDFC Bank 680.00
ICICI Bank 1388.50
Axis Bank 1206.20
Kotak Mahindra Bank 442.85
Indusind Bank 831.00
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