RBL Bank slips 20% in 4 days, nears new low ahead of Q4 business update

The bank is scheduled to issue a statement on certain key business parameters of the fourth quarter later in the day.

Shares of RBL Bank were trading lower for the fourth straight day, down 5 per cent at Rs 129.20 on the BSE on Wednesday ahead of the January-March quarter (Q4FY20) business update due later in the day. The stock of the private sector lender has lost 20 per cent in the past four trading days and it was trading close to its all-time low price of Rs 128.75 touched on March 24, 2020.

“In wake of the significantly higher level of market speculation around RBL Bank stock, please note that the Bank will be issuing a statement on certain