 "RBL Bank: A capital guzzler among private banks")
Private sector lender RBL Bank on Thursday reported a 58 per cent decline in pre-tax profit for the quarter ending March, 2020 on account of higher provisioning for bad loans and Covid-19. In Q4FY20, the bank’s pre-tax profit stood at Rs 151 crore compared to Rs 360 crore in Q4FY19. The net profit of the bank also declined 54 per cent to Rs 114.36 crore from Rs 247.18 crore.
However, the bank saw a healthy growth of 37 per cent in its operating profit at Rs 765 crore compared to Rs 560 crore a year ago.
The net interest income
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