22 hours Ago
RBL Bank reported robust growth in its key financial metrics for the fourth quarter, with total deposits rising 7% year-on-year (YoY) and 4% quarter-on-quarter (QoQ) to reach ₹1.10 lakh crore. The growth reflects strong customer acquisition and retention, alongside a stable deposit base.
The Current Account Savings Account (CASA) segment also showed healthy growth, increasing 4% YoY and 8% QoQ to ₹37,884 crore. However, the CASA ratio declined slightly to 34.1%, compared to 35.
2% in the previous year but improved from 32.8% in the preceding quarter. On the lending front, gross advances grew by 11% YoY and 3% QoQ, reaching ₹94,973 crore, driven by strong demand across retail and business banking segments.
The growth in advances reflects the bank’s strategic focus on expanding its credit portfolio while maintaining asset quality. RBL Bank, formerly known as Ratnakar Bank, is a private sector bank headquartered in Mumbai, India. Established in 1943, it has evolved into a comprehensive banking institution offering a wide range of financial products and services to individuals, businesses, and corporate clients.
The bank’s operations span across retail banking, corporate banking, and business banking, with offerings that include savings and current accounts, fixed deposits, loans, credit cards, and wealth management services. The lender serves over 6 million customers through a network of branches, ATMs, and digital platforms across India. It has also expanded its footprint in the lending space, catering to sectors like agriculture, SMEs, and infrastructure.
Shares of RBL Bank ended 2.3% higher at a price of ₹ 175.30 on Thursday.
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