RBL Bank Ltd shares slumped 17 per cent to hit an all-time low after the lender reported slip in profit as bad loans continued to mount and provision soared. The stock touched a low of Rs 237.90 on the BSE, down 17 per cent from its previous close. So far this year, it has declined 55 per cent. The Sensex rose 0.1per cent to 39002.04 points.
 
RBL Bank reported a profit of Rs 54 crore during the September quarter, against Rs 205 crore a year ago. Provisions and contingencies surged 281.8 per cent year-on-year to Rs 533.30 crore during the quarter.
SBI Cap has downgraded its rating on the stock to hold, with a revised target price of Rs 330. Gross bad loans increased 138.63 per cent to Rs 1,539.10 crore during the quarter led by elevated slippages of Rs 1,380 crore. Gross non-performing asset as a percentage of advances climbed to 2.6 per cent from 1.4 per cent a year ago.
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