RBL Bank Shares Hit All Time Low Even As NIM Surges To Record High In Q4

Shares of RBL Bank extend their losses for the fifth straight day on April 3, 2020 to hit an all time low of Rs. 121 on the NSE.

RBL Bank Shares Hit All Time Low Even As NIM Surges To Record High In Q4

Meanwhile Nifty Bank is also trading with losses of close to 3%, losing more than 540 points in trade.

On Wednesday, the mid-sized private bank in a statement provided business highlights for Q4. The lender said during the period it saw strong operating profit trajectory with Net Interest Margin or NIM surging to all time high. Also, Net interest income or NII too witnessed an increase.

Also the asset quality was very much in line with the bank's guidance provided during its Q3FY20 results. Also, the bank highlighted that its liquidity position remains comfortable.

Furthermore, on a sequential basis, the cost of deposits and cost of funds are lower.

Last, the stock of RBL Bank quoted down by 7.65% or Rs. 10.05 at Rs. 121.30 per share.

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