Check what CLSA, Morgan Stanley, Credit Suisse have to say on RBL Bank’s weak Q4 performance
Amid weak performance in fourth-quarter earnings of RBL Bank, many brokerage firms have maintained a mixed stance of Buy/Underperform for the private sector lender RBL Bank. The bank’s profit declined by around 34 per cent to Rs 75 crore in the March-ended quarter of the financial year 2020-2021.
RBL reported low profit as provisioning on credit cards and micro-financing institutions increased in the quarter: PTI