RBL Bank has reported 13% rise in total deposits to Rs 89,774 crore (Provisional) as of September 30, 2023 (Q2FY24) as compared to Rs 79,404 crore as of September 30, 2022 and on quarter-on-quarter (QoQ) basis stood at Rs 85,636 crore as of June 2023. Its gross advances were up by 21% to Rs 78,186 crore (Provisional) in Q2FY24 as against Rs 64,608 crore as of September 30, 2022.
Its CASA increased 12% to Rs 32,075 crore as of September 30, 2023, as compared to Rs 28,718 crore on a yearly basis and on a quarterly basis stood at Rs 31,927 crore as of June 2023. CASA Ratio stood at 35.7% as of September 30, 2023 as compared to 37.3% as of June 30, 2023.
Retail advances grew 34% Year-on-Year (YoY) and 8% sequentially, while wholesale advances grew 7% YoY and was flat sequentially for the quarter ended September 30, 2023. Within wholesale advances, commercial banking grew 17% YoY and 11% sequentially.
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.
