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RBL Bank turns volatile on fund raising plan

Capital Market 

RBL Bank has scheduled a board meeting on 30 November 2019 to consider raising of funds by way of issue of equity shares on a preferential basis.

The announcement was made post trading hours yesterday, 27 November 2019.

The RBL Bank scrip was currently trading 0.27% lower at Rs 366.65, having traded in the range of Rs 364.05 and Rs 372 so far during the day.

RBL Bank's net profit dropped 73.4% to Rs 54.31 crore on 42.9% increase in total income to Rs 2,567.68 crore in Q2 September 2019 over Q2 September 2018.

RBL Bank is engaged in providing a range of banking and financial services, including commercial banking, retail banking, agriculture finance and financial inclusion, treasury operations and other banking related activities.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, November 28 2019. 09:20 IST