MUMBAI: RBL Bank Ltd's shares dropped on Friday 13.7 percent after management warned its corporate credit book for the next two quarters of hazards. This despite the bank reporting an increase in net profit of 41 percent for the quarter ended June.
In announcing its first quarter outcomes, management of the bank said that gross non-performing assets (NPAs) may rise, even as the bank has made adequate provisions.
It had laid aside some 199.97 crore as regulations in January-March.
Post-provision, net NPA ratio of 0.65 percent compared with 0.69 percent in the quarter of March and 0.75 percent in the period of August.
RBL Bank's shares lost 13.71 percent to close at around 500.35 percent, while the Sensex benchmark index lost 1.44 percent to close at 38,337.01 percentage points.
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