RBL Bank Hits A New 52-Week High Due To Strong Q4 Earnings

The stock of RBL Bank on Wednesday hit a new all-time high of Rs 600 on BSE after the company reported incredible earnings growth for the quarter ended March 2017. According to the BSE filing, the bank reported a net profit of Rs 130.1 crore in the quarter ended March 2017.

The growth of the bank was reportedly driven by net interest income, other income and operating income. The stock is trading at Rs 592 up by 1.2% during lunch hours on Wednesday on BSE. The stock witnessed a spurt in the volume by more than 1.75 times. The stock hit a high of Rs 600 and a low of Rs 573.50 so far during the day.

RBL Bank Limited is engaged in providing a range of banking and financial services, including commercial banking, retail banking, agriculture finance and financial inclusion, treasury operations and other banking related activities.

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