Shares of RBL Bank are trading higher today, rising over 3.8%, after the lender reported strong growth in its Q3 FY25 business update.
Key Highlights:
- Total Deposits: Grew by 15.11% YoY to ₹1,06,763 crore as of December 31, 2024, compared to ₹92,746 crore a year ago.
- Retail Deposit Focus: Deposits below ₹3 crore made up 50.3% of the overall deposit mix as of December 2024.
- CASA Deposits: Increased by 11.74% YoY to ₹35,020 crore. However, the CASA ratio dipped to 32.8% from 33.8% last year.
- Liquidity Coverage Ratio (LCR): Improved to 143% as of December 2024 from 132% in the previous year.
- Gross Advances: Grew by 13% YoY to ₹92,740 crore. Retail advances rose 20% YoY, while wholesale advances were up by 5%.
- Retail Secured Advances: Excluding credit cards and microfinance, secured retail advances surged by 37% YoY.
- Commercial Banking Advances: Increased by 21% YoY within the wholesale category.
- Retail vs Wholesale Mix: Retail advances accounted for 61% of the total, while wholesale contributed 39%.
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