Read more about RBL Bank consolidated net profit rises 120.91% in the December 2020 quarter on Business Standard. Total Operating Income decline 7.30% to Rs 2061.53 crore
RBL Bank Q3 net profit surges to ₹147 crore
January 28, 2021
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RBL Bank’s standalone net profit more than doubled in the third quarter of the fiscal year to ₹147.06 crore against ₹69.95 crore in the same period last fiscal.
For the quarter ended December 31, 2020, its net interest income, however, fell by two per cent to ₹908 crore against ₹923 crore a year ago.
Net interest margin also fell to 4.19 per cent at the end of the third quarter this fiscal from 4.57 per cent a year ago.
Other income surged by 19 per cent to ₹580 crore in the October to December 2020 quarter versus ₹487 crore a year ago.
Biocon Ltd, Bandhan Bank Ltd, Tata Steel Ltd Partly Paid Up and RBL Bank Ltd are among the other losers in the BSE s A group today, 22 January 2021.
Biocon Ltd, Bandhan Bank Ltd, Tata Steel Ltd Partly Paid Up and RBL Bank Ltd are among the other losers in the BSE s A group today, 22 January 2021.
Steel Authority of India Ltd tumbled 10.01% to Rs 58.45 at 14:48 IST.The stock was the biggest loser in the BSE s A group.On the BSE, 107.59 lakh shares were traded on the counter so far as against the average daily volumes of 56.25 lakh shares in the past one month.
Aye Finance brings on board RBL Bank s Ujual George as chief risk officer
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Synopsis
In his new role as CRO, he will be responsible for strengthening the risk management capabilities and driving operational transformation at Aye Finance.
Agencies
Aye Finance - a fintech lender to the MSME sector has brought on board Ujual George as its chief risk officer.
George, an alumnus of Indian Institute of Management Bangalore, has held various leadership positions in his career of over 25 years in banking and financial services. His last assignment was with
RBL Bank, where he served on its management committee and led the transformation agenda of the bank. He has also worked across organisations like HSBC, Max New York Life, and Barclays Bank.