RBL Bank reported a 24% decline in net profit to Rs 223 crore in the September quarter, mainly due to asset quality challenges in its credit card and microlending books. The bank expects credit card challenges to stabilize by Q3, while microfinance issues may persist longer.
Related Posts
Air India pays tribute to Ratan Tata with touching in-flight announcement- video
Tata group of Airlines, which includes Air India, Air India Express, and Vistara, made in-flight announcements to honor Ratan Tata, who passed away at 86. […]
Inflation will begin to cool off after October, says RBI governor
RBI governor Shaktikanta Das anticipates inflation will moderate after October, despite recent highs. Speaking at an IMF-World Bank event, Das emphasized efforts to align inflation […]
Shashi Ruia, Indian billionaire & Essar group co-founder, dies at 81
Shashi Ruia, co-founder of Essar Group, passed away at 81. Starting in 1969 with a port project, Ruia and his brother Ravi built Essar into […]