RBL Bank reports net loss of Rs 459 cr as provisions rise threefold

Provisions increased 186% year-on-year (y-o-y) and 86% sequentially to Rs 1,426 crore. Operating profit of the lender increased 17% y-o-y to Rs 807 crore, but declined 8% sequentially.

from Banking & Finance – The Financial Express https://ift.tt/3Ca34Rp