RBL Bank Limited has announced its provisional financial performance for the quarter ended December 31, 2024. The bank recorded a 15% year-on-year (YoY) growth in total deposits, which stood at ₹1.06 lakh crore compared to ₹92,746 crore in the same period last year. However, total deposits saw a slight decline of 1% on a quarter-on-quarter (QoQ) basis from ₹1.08 lakh crore as of September 30, 2024.
Key Financial Highlights:
- Retail Deposits: Deposits below ₹3 crore surged 20% YoY to ₹53,703 crore, constituting approximately 50.3% of the total deposit base.
- CASA Deposits: Current Account Savings Account (CASA) deposits grew 12% YoY to ₹35,020 crore but declined 3% QoQ. The CASA ratio stood at 32.8%.
- Gross Advances: Total advances increased by 13% YoY to ₹92,740 crore, driven by a 20% YoY growth in retail advances and 5% growth in wholesale advances.
- Commercial banking advances within wholesale grew 21% YoY.
- Secured retail advances (excluding credit cards and microfinance) rose by 37% YoY.
- Microfinance Efficiency: The current bucket collection efficiency for microfinance advances improved to 98.4% in December 2024, up from 97.51% in September 2024.
- Liquidity Coverage Ratio (LCR): The average LCR for the quarter was at 143%, showcasing strong liquidity management.
