Articles for tag: banking, profit, shares

Rajiv Sharma

Business
RBL Bank shares plunge over 13%, profit declines by 24%

RBL Bank shares plunge over 13%, profit declines by 24%

RBL Bank’s shares took a significant hit on Monday, plummeting over 14% to reach ₹175.10. This decline marks a new 52-week low for the private bank’s stock. The sharp drop in share prices has been attributed to disappointing quarterly results, where the bank reported a 24% decrease in profit for the quarter ending September 2024. ...

Rajiv Sharma

Business
Bank cuts interest rates on savings accounts

Bank cuts interest rates on savings accounts

The banking sector continuously evolves to adapt to economic changes and customer needs. Recently, a major bank announced a new interest rate bracket that will impact savings accounts holding less than ₹500,000. This change reflects current market trends and the bank’s strategy to manage its financial offerings effectively. Overview of the Interest Rate Adjustment The ...