RBL Bank’s gross advances grew 5.0% to Rs 59,941 crore (Provisional) as of December 31, 2021 (Q3FY22), as compared to Rs 57,092 crore on a yearly basis. On a quarterly basis, the gross advances were up 3.5% from Rs 57,939 crore as of September 2021. Retail advances was flat, while wholesale advances grew 8% sequentially for the quarter ended December 31, 2021.
RBL Bank operates as a scheduled commercial bank. The bank offers its services under the five business verticals including corporate and institutional banking, commercial banking, retail banking, agri and development banking and financial markets. The bank was founded in 1943 and is based in Kolhapur, Maharashtra.
