Dhaka, Nov. 3 -- Rupali Bank has reported hefty losses for the third quarter through September this year due to rising non-performing loans.

The lone listed state-run lender suffered a loss of Tk 1.68 billion in the quarter to September this year, as against a profit of Tk 31 million in the same quarter a year ago.

Subsequently, the consolidated earnings per share (EPS) stood at Tk 3.44 in the negative in the quarter, from positive Tk 0.13 per share in the same period last year, according to a stock exchange filing on Sunday.

Following the disclosure, the stock of Rupali Bank plunged 9.84 per cent to Tk 17.40 per share on Sunday, becoming the day's top loser on the Dhaka Stock Exchange.

A sharp decline in operating income due to highe...