RBL Bank shares jump 6 pc after Dec qtr earnings

Shares of RBL Bank today surged nearly 6 per cent after the company reported a steep 59 per cent jump in December quarter net profit.
The stock gained 5.65 per cent to close at Rs 389.15 on BSE. During the day, it soared 6.8 per cent to Rs 393.40.
At NSE, shares of the company went up by 5.64 per cent to end at Rs 389.45.
In terms of volume, 7.69 lakh shares of the company were traded on BSE and over 47 lakh shares changed hands at NSE during the day.
Mid-sized private sector lender RBL Bank on Friday reported a steep 59 per cent jump in its December quarter net at Rs 128.7 crore on the back of a healthy 46 per cent growth in advances despite demonetisation.

It had reported a net profit of Rs 81 crore in the same period year ago.
"We have not been impacted by the note ban at all. In fact, we had the highest credit growth during this quarter," RBL Managing Director and Chief Executive Vishwavir Ahuja told PTI in an post-earnings concall.
RBL's gross NPA improved a tad to 1.06 per cent from 1.08 per cent and net NPA improved to 0.52 per cent from 0.69 per cent a year ago.