New Delhi, April 28 -- Despite a sharp drop of over 80% in its consolidated net profit for Q4FY25 (March quarter), RBL Bank's share price kicked off Monday's trading session positively and continued to build on gains during early trade, spiking 7% to the day's high of Rs.201.25 per share.
Even with the significant fall in net profit, the numbers came in line with analysts' estimates. Domestic brokerage firm Centrum Broking said that RBL Bank's results for Q4FY25 were broadly in line with expectations, with a beat on non-interest income (NII), offset by elevated credit costs - a recurring theme.
Notably, the bank increased its PCR by 700 basis points QoQ to 89%, thanks to the utilization of contingent provisions ( Rs.2.73 billion). Encou...
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