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RBL Bank's Gross Advances Rise 18% In June Quarter
Total deposits rose 18% year-on-year to Rs 1.01 lakh crore during the first quarter of the ongoing financial year, the lender said.
05 Jul 2024, 07:19 AM IST 
An RBL Bank branch in Mumbai. (Photographer: Vijay Sartape/NDTV Profit)
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RBL Bank Ltd.'s gross advances rose 18% year-on-year to Rs 88,455 crore in the quarter-ended June, according to provisional figures released by the lender.
Total deposits rose 18% over a year ago to Rs 1.01 lakh crore, it said.
CASA ratio—the proportion of deposits that come from low-cost current and savings accounts—dipped to 32.6% from 37.3% in the year ago period. A lower CASA ratio indicates that the bank relies heavily on costlier wholesale funding, which can hurt the bank's margin.
The average liquidity coverage ratio for the quarter stood at 137%.
Retail advances in the quarter grew 31% year-on-year, while wholesale advances rose 2%.
The scrip closed 1.26% lower at Rs 266.15 apiece, as compared to a 0.06% advance in the NSE Nifty 50.
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RBL Bank To Raise Rs 6,500 Crore Through Equity And Debt
