Trending stocks: RBL Bank down 1% as provisions increase

NEW DELHI: Shares of RBL Bank traded 0.58 per cent down in Friday 's trade at 09:28AM (IST).

Around 390695 shares changed hands on the counter. The stock opened at Rs 134.0 and touched an intraday high and low of Rs 134.0 and Rs 127.65 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 716.4 and a 52-week low of Rs 101.55 .


The private bank's net profit halved to Rs 114 crore in the fourth quarter ended March 2020 compared with a profit of Rs 247 crore a year ago as the bank ramped up provisions in light of the economic slowdown due to the Covid-19 pandemic

Financials
RBL Bank Ltd., incorporated in the year 1943, is a banking company (having a market cap of Rs 6557.29 Crore).

RBL Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills which contributed Rs 5049.83 Crore to Sales Value (80.14 % of Total Sales), Income From Investment which contributed Rs 1093.44 Crore to Sales Value (17.35 % of Total Sales) and Interest which contributed Rs 46.20 Crore to Sales Value (0.73 % of Total Sales)for the year ending 31-Mar-2019.

Promoter holding
Promoters held 0.0 per cent stake in the company as of quarter ended 31st Mar 2020 .

Valuation ratio
It quoted a price-to-earnings ratio of 13.1 and price to book value of 0.73 .