RBL Bank slips 10% in two days, hits 31-month low on asset quality concerns

Since July 19, post April-June quarter results, RBL Bank has underperformed the market by falling 42 per cent as compared to 3 per cent decline in the Nifty 50 index.

RBL Bank shares were trading lower for the second straight day, down 5 per cent on Wednesday, to hit a 31-month low level of Rs 336 per share. The private sector lender's stock has fallen 10 per cent in the past two days on concerns of asset quality.

The stock was quoting at its lowest level since January 2017.

Post the April-June quarter (Q1FY20) results, RBL Bank has underperformed the market by falling 42 per cent from the level of Rs 580 per share on July 19, 2019. In comparison, the benchmark Nifty 50 index was down 3 per