RBL Bank has reported gross advances of Rs 68,371 crore (Provisional) in Q3FY23 as against Rs 59,967 crore in the same quarter a year ago, registering a growth of 14%. Sequentially, gross advances surged 6% from Rs 64,608 crore recorded in September 2022 quarter. Further, the bank reported total deposits of Rs 81,746 crore (Provisional) in Q3FY23 up by 11% YoY from Rs 73,639 crore in Q3FY22 and higher by 3% from Rs 79,404 crore in Q2FY23.
Retail advances grew 12% YoY and 7% sequentially while wholesale advances grew 17% YoY and 5% sequentially for the quarter ended December 31, 2022. The mix of retail: wholesale advances was approximately 52:48. The Bank continues to focus on growing the share of granular retail deposits in the overall deposit mix, with retail deposits (as per LCR definition) at approximately 42.5% as against 41.3% as at the end of the last quarter and 37.9% as of December 31, 2021.
RBL Bank operates as a scheduled commercial bank. The bank offers its services under the various business verticals including corporate and institutional banking, commercial banking, retail banking, agri and development banking and financial markets.
