RBL Bank stock in focus

RBL Bank stock in focus as GST officials conduct search operations. RBL Bank said that the GST search proceedings are currently ongoing and that the lender is fully cooperating with authorities. Private sector lender RBL Bank's stock price will be in focus as the Maharashtra State GST Department initiated a search operation at three of its offices in the state. The search at RBL Bank is being conducted under Section 67 of the Maharashtra Goods and Services Tax (MGST) Act, 2017. "The proceedings are ongoing, and the Bank is cooperating fully in providing data as per request placed," said the bank in an exchange filing. The bank stated that the proceedings are ongoing and that it is fully cooperating with authorities by providing the requested data.