Q1 Results: RBL Bank’s Profit Meets Estimates; Foresees Challenges

Net profit rose 40.5 percent to Rs 267 crore on a year-on-year basis.

An RBL Bank signboard in Mumbai, India. (Source: BloombergQuint)

RBL Bank Ltd.’s profit for the quarter ended June met analysts’ expectations on the back of strong growth in advances even as the lender predicts tougher times ahead.

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