RBL Bank Ltd

Targets a customer base of 27 lakh by the end of FY20

To open 26 new branches today

The issue saw strong demand from domestic as well as foreign qualified institutional buyers

Sharp jump in provisioning and slippages have led to 73 per cent drop in profit

The stock has lost about 35 per cent since its Q1 results, owing to expected rise in NPAs

The robust growth in loans, under-control asset quality and strong return ratios have been a big draw for investors driving the stock’s valuations, until now

With this, RBL Bank’s Mastercard credit card holders will be able to make contactless transactions on their Samsung Pay-compatible smartphones