Private lender RBL Bank on July 22 announced a net profit of Rs 288 crore for the first quarter of the current financial year. This figure represents a notable increase from the Rs 201 crore earned in the same period of the previous year, surpassing expectations.

Analysts had anticipated a profit of Rs 257 crore for the April-June period.

As of July 21, RBL Bank's stock closed at Rs 221.70, registering a 0.93 percent increase compared to the previous day's closing price.

In contrast, the benchmark Sensex experienced a 1.31 percent decline, closing at 66,684.26.

First Published:Jul 22, 2023 1:24 PM IST