RBL Bank Shares Fall 7.55% on Higher Provisions Despite Profit Rise

Photo: Business Standard

RBL Bank shares dropped 7.55% to ₹388.30 on BSE, their steepest fall in nearly two years, due to higher-than-expected provisions. The bank reported a 2.7-fold year-on-year net profit increase to ₹482 crore in Q2 FY27, supported by a 37% rise in net interest income and a 48 basis point expansion in net interest margin to 4.61%. Provisions rose 53% year-on-year to ₹766.5 crore. Management expects margins to soften before improving in Q4 FY27.

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