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RBL Bank shares skid 6% after Q3 net profit plummets 86% YoY to Rs 33 crore
RBL Bank shares dropped by 5.9% due to an 86% YoY decline in net profit for the December quarter, mainly from microloan issues. Core net interest income rose slightly, but net interest margin fell. CEO Subramaniakumar noted improvements in collection efficiency and expected recovery in microfinance and credit card segments over the coming quarters.
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