RBL Bank's PBT dips 72.2% to Rs 93.88 cr in third-quarter ending Dec 2019

The bank said its advances rose by 20 per cent to Rs 59,635 crore. The loan mix showed a retail share of 51 per cent while that of wholesale was 49 per cent.

Private lender RBL Bank’s profit before tax (PBT) dipped by 72.2 per cent to Rs 93.88 crore in the third quarter ending December 2019 on the back of a sharp rise in provisions for stressed assets. The bank had posted a PBT of Rs 337.8 crore in the quarter ending December 2018.

RBL bank stocks closed lower by 0.67 per cent at Rs 339.1 per share on the BSE. The Bank’s net profit in Q3 FY20 was down by 68.93 per cent to Rs 69.95 crore over Rs 225.19 crore in the quarter ended December 31, 2018.

Its Net interest