RBL Bank declines 12% from day's high in a firm market post Q4 results

The bank's total revenue jumped 33 per cent YoY to Rs 1,522 crore from Rs 1,148 crore reported in Q4FY19, while its net interest income came in at Rs 1,021 crore, up 38 per cent YoY from Rs 739 crore

Shares of RBL Bank declined 8.5 per cent to Rs 117.85 in the intra-day deals on the BSE on Friday. The lender posted strong operating performance in the March quarter of FY20 (Q4FY20), but its pre-tax profit declined 58 per cent YoY to Rs 151 crore compared to Rs 360 crore in Q4FY19. 

The lender logged a healthy 37 per cent year-on-year (YoY) growth in its operating profit at Rs 765 crore compared to Rs 560 crore a year ago. The net profit of the bank also declined 54 per cent to Rs 114.36 crore from Rs 247.18 crore.

At 3:04