RBL Bank shares skid 6% after Q3 net profit plummets 86% YoY to Rs 33 crore

Shares of RBL Bank fell as much as 5.9% on Monday to Rs 146 on the BSE after the lender reported an 86% year-on-year (YoY) decline in net profit to Rs 33 crore for the December quarter, down from Rs 233 crore in the same period last year, mainly due to issues in its microloan portfolio.

The…