Private sector lender RBL Bank July-September quarter profit fell sharply by 73.4 percent year-on-year due to a sharp spike in provisions, and asset quality also deteriorated sequentially.
Profit during the quarter declined to Rs 54.31 crore, against Rs 204.54 crore reported in the year-ago period. Other income (up 32.5 percent) and pre-provision operating profit (up 41.6 percent) continued to support profitability in Q2.
The lender had highlighted a few months ago, given the difficult corporate credit environment it had faced challenges in a few corporate accounts.
"As a matter of prudence, we have taken higher than required provisions on these accounts which have impacted our bottomline," Vishwavir Ahuja, MD & CEO, RBL Bank said.
The bank expects to return to normalised earnings trajectory by end of this fiscal, he added.
But net interest income remained strong at Rs 868.69 crore for the quarter ended September 2019, rising 46.5 percent compared to year-ago.
Advances grew by 27 percent year-on-year and deposits growth stood at 31 percent in Q2 with CASA ratio improving to 26.45 percent as of September 2019 from 24.51 percent in the same period last year.
Asset quality deteriorated sharply during the quarter with gross non-performing assets (NPA) as a percentage of gross advances rising 122bps sequentially to 2.6 percent and net NPA climbing 91bps QoQ to 1.56 percent in Q2.
Hi sir made good profit in Polycab.thank you sir. What is the resistance of IBUlhsfin and rbl bank for November series.
ReplyDeleteRBL Bank resistance at 315
DeleteIbul resistance at 240
Enjoy
Sir sbi target? Holding 600 at 285
DeleteBook near 300
DeletePlease give me your view on Maruthi
ReplyDeletePositve for long term only
DeleteHi sir, is tata elxsi still good stock to hold?. I have it at 967 qty 5.
ReplyDeleteAdd more hold for long term
DeleteSir is delta corp a long term bet???
ReplyDeleteYes keep Sl of 100
DeleteSupport and resistance level in indigo please sir
ReplyDeleteSupport at 1640 resistance at 1700
DeleteHEROMOTOCO 2800 tak jayga kal
ReplyDeletePossible if sustian above 2700
DeleteHi Raj Sir,
DeleteYour timely answers is really helping a lot.Thank you Sir
I brought ibulhsngfin of 225 qty at 223rs and CMP 206.15. What is your view For this stock next week. Is it better to come out with current loss or can wait to recover current loss.
Exit and shift to better fundamental stock
DeleteSir, regarding Bajaj finance ,i bought 4200 call at 73 Rs on22nd still i hold it.Now 42 Rs is going .Pls let know what step i suppose to do by tomorrow.
ReplyDeleteBro Bajaj Finance will definitely go up
DeleteBut in options premium will go down as now not much day left
Still if you want to take risk than hold otherwise exit on rise
This is only statergy
Hi sir
ReplyDeleteThis is ravi here thank you so much for you calls I am very impressed and inspired from you just need your help to guid me I am want to do diploma /certificate coures in share market I am 12 th pass please guid me which institute and course will be good for me in Delhi or near Delhi your help will be appreciated waiting for your reply from where you have done your course.
Regards
Ravi
If you want to do courses than you can search it on NSE or Nism website of your own interest
DeleteBut there are mostly theoretical which are helpful 5-10% only but to learn from your own experience and mistake is only way in stock market to success
I am on your telegram channel and surprise with your calls how accurate is your calls it’s super awesome and surprised how you are helping people to do something good in Thier life you are helping people free of cost it’s hard to see in today’s world . I am just 12 th pass but inspired from you please guide me too for coures and institute where I can learn more like you thank you sir
ReplyDeleteThank you very much
DeleteBest way of learning is from your own mistakes
Courses ; institute are not much helpful but learning from your mistake and experience is only key to success