RBL Bank Q1 net profit down 47% on higher provisions for COVID-19, other risks

RBL Bank Q1 net profit down 47% on higher provisions for COVID-19, other risks
RBL Bank Q1 net profit down 47% on higher provisions for COVID-19, other risks The bank said it set aside Rs 240 crore for COVID-19 related provisions, taking the total money set aside due to possible reverses because of the pandemic to Rs 350 crore.