RBL Bank CEO reveals $860 million fundraising plan after profits crash 46%
Key Points
- RBL Bank is raising Rs 6,500 crore ($780 million) amid a 46%...
RBL Bank just announced they need to raise Rs 6,500 crore (about $780 million) through a mix of equity and debt, which is basically the financial equivalent of saying "we need money, and we're not picky about where it comes from." The timing couldn't be more telling - their standalone net profit just took a 46% nosedive to Rs 200 crore in Q1 FY2025, while their net interest income dropped 13% to Rs 1,481 crore.
When Your NPAs Start Looking Like Your Age
The bank's gross non-performing assets climbed from 2.6% to 2.78% in just one quarter. For those keeping score at home, that's the finan...
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