Business Standard

RBL Bank stock falls 12% as asset quality, growth woes keep Street cautious

Stock has fallen 50% since July 12, further downside not ruled out

RBL bank
Premium

RBL bank

Hamsini Karthik
The RBL Bank stock fell over 12 per cent to end Wednesday’s trade as a top loser among frontline stocks in the BSE, also its third fall in over a month. At Rs 313.65 apiece, the stock is marginally over its listing day closing price of about Rs 300.

A combination of factors —incremental worries on the asset quality front from new names, sale of employee stock options (ESOPs), and YES Bank’s rating downgrade — sparked a fear of contagion in the system to weigh on the stock. 

The bank, however, has clarified that ESOP selling was a routine activity. “No management

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 28 2019 | 11:14 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com