RBL Bank share price falls 2% post June quarter earnings:


RBL Bank share price fell 2 percent on August 3 after the company declared its June quarter earnings.

On August 2, the company reported a loss of Rs 459.47 crore for the June quarter as against a profit of Rs 141 crore in the year-ago period as the money set aside for future loan setbacks shot up by nearly three-times.

The bank said 97 percent of its overall gross slippages of Rs 1,342 crore came from the retail segment which got hit because of the impact of the second COVID wave.

News Source:- Moneycontrol

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