RBL Bank Limited - Key Business Updates for Q2 FY2024

RBL Bank Limited has announced the key business updates for period ended September 30, 2023.



Retail advances grew 34% 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. The mix of retail: wholesale advances was approx. 58:42.

The Bank continues to focus on granular retail deposits in the overall deposit mix, with retail deposits (as per LCR definition) at approx. 44.2% as of September 30, 2023 as against 42.0% as of September 30, 2022.

The above information is provisional and being released ahead of the official announcement of the financial results for the quarter ended September 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. 249.40 as compared to the previous close of Rs. 255.65. The total number of shares traded during the day was 651644 in over 5148 trades.

The stock hit an intraday high of Rs. 254.40 and intraday low of 246.05. The net turnover during the day was Rs. 162869877.00.

Source : Equity Bulls

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RBLBank INE976G01028 Q2FY2024 KeyBusinessUpdates