The bank’s net interest income rose 16% at Rs 1,064 crore while the net interest margin was at 4.5%. Operating profit, however, fell 26% to Rs 512 crore.

The bank’s gross NPA ratio improved to 3.80% at the end of September from 4% three months back. The net NPA ratio was 1.26% as compared to 1.16% in the previous quarter.

The bank’s advances rose 12% year-on-year (YoY) to Rs Rs 62,942 crore while total deposits grew 5% to Rs. 79,404 crore.

At 9.57 am, the scrip was trading 4% lower at Rs 123 over its last day’s trading price of Rs 127 apiece. The stock has risen nearly 9% in the last one month, while it has fallen about 41% in the past one year.

As per Trendlyne data, RBL Bank’s share price target is below the current market price, with a downside of 12%.

Out of the 15 analysts covering the stock, seven of them have strong sell and sell ratings, while six have strong buy and buy ratings and the other two have hold ratings.

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