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[hfe_template id='11223'] [ad_1] Shares of RBL Bank dipped 10% to hit its lower circuit at Rs 184.95 on the BSE after the bank reported its second quarter results for FY25 on Saturday wherein it reported a 24% fall in its profit after tax (PAT) on a year-on-year basis (YoY) at Rs 223 crore. The company’s net interest income (NII) grew 9% YoY at Rs 1,615 crore for the quarter and the net interest margins (NIMs) stood at 5.04%. Meanwhile, the bank also reported a 24% YoY growth in its operating profit to Rs 910 crore for the reporting period. On a half-yearly basis, RBL Bank’s net profit also witnessed an increase of 2% YoY to Rs 594 crore and the NIMs were reported at 5.35%. Post the Q2 results, here is what the brokerages said: IIFL: Add | Target price: Rs 195 IIFL has maintained an Add rating on RBL Bank while cutting the target price to Rs 195The bank’s loan growth decelerates and non-II drives PPoP beat. There was a sharp asset quality deterioration. Bihar floods (hig...

[hfe_template id='11223'] [ad_1] Shares of RBL Bank fell by 4.2% to a low of Rs 255 after the company’s June quarter update disappointed D-street. The bank’s total deposits recorded a 2% quarter-on-quarter (QoQ) decline in its total deposits at Rs 1.01 lakh crore. However, the number was an 18% increase on a year-on-year (YoY) basis. The bank’s CASA stood at Rs 32,996 crore, which was a 3% YoY increase, but a decline of 9% QoQ. Company’s gross advances increased 18% YoY to Rs 88,455 crore. RBL Bank has reported a CASA ratio and liquidity coverage ratio at 32.6% and 137% respectively for the first quarter of FY25. Also read: HDFC Bank shares fall 3% as Q1 update disappoints investors “The Bank continues to focus on growing the share of granular retail deposits in the overall deposit mix, with deposits below Rs. 3 Crore constituting approx. 49.3% of the overall deposits of the Bank as at June 30, 2024,” the bank said in a filing to the exchanges. The bank also informed tha...