InvestorQ : Why did RBL Bank did into losses in the Jun-21 quarter?
Mahima Roy made post

Why did RBL Bank did into losses in the Jun-21 quarter?

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4 months ago
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RBL Bank reported net loss of Rs.459 crore in the Jun-21 quarter. Gross slippages in the quarter stood at Rs.1,342 crore, almost entirely from retail assets. Gross NPAs were up 65 bps at 4.99%, while overall provisions were up 3-fold at Rs.1,425 crore. Profits also got dented by Net interest income falling 7% to Rs.970 crore and the all-important NIMs narrowing by a full 50 bps to 4.4% in Jun-21.

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