RBL Bank Limited - Q1FY24 Business Update

RBL Bank Limited has announced the business update for the period ended June 30, 2023 i.e., Q1 FY2023-24.

Total deposits of the bank was at Rs. 85,638 crores as of June 30, 2023 as against Rs. 79,216 crores as of June 30, 2022, a growth of 8% YoY.

Gross Advances was at Rs. 74,792 crores as of June 30, 2023 as compared to Rs. 62,110 crores as of June 30, 2022, a growth of 20% YoY.

Retail advances grew 32% YoY while wholesale advances grew 8% YoY - for the quarter ended June 30, 2023. The mix of retail: wholesale advances was approx. 56:44.

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 approx. 43.6% as against 42.8% as at the end of the last quarter and 39.7% as of June 30, 2022.

The above information is provisional and being released ahead of the official announcement of the financial results for the quarter ended June 30, 2023, which is subject to approval by the Audit Committee of the Board of Directors, the Board of Directors and limited review by the Statutory Auditors of the Bank.

Shares of RBL Bank Limited was last trading in BSE at Rs. 182.45 as compared to the previous close of Rs. 184.25. The total number of shares traded during the day was 1053628 in over 4537 trades.

The stock hit an intraday high of Rs. 185.00 and intraday low of 180.85. The net turnover during the day was Rs. 192660776.00.

Source : Equity Bulls

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RBLBank INE976G01028 BusinessUpdate Q1FY2024 Deposits Advances