RBL Bank`s total deposits rise 6% in Q1FY23
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
RBL Bank’s total deposits grew 6% to Rs 79,217 crore (Provisional) as of June 30, 2022 (Q1FY23), as compared to Rs 74,471 crore on a yearly basis. On a quarterly basis, the deposits stood at Rs 79,007 crore as of March 2022. Gross Advance stood at Rs 62,095 crore as of June 30, 2022, posting a 7% rise in year-on-year (YoY) terms against Rs 58,301 crore as of June 30, 2021 and on quarter-on-quarter (QoQ) basis stood at Rs 61,944 crore in March 2022.
The CASA was up 14% to Rs 28,525 crore as of June 30, 2022 against Rs 25,071 crore YoY. CASA ratio reached 36.0% (Q1FY23) from 35.3% (Q4FY22).
RBL Bank operates as a scheduled commercial bank. The bank offers its services under the five business verticals including corporate and institutional banking, commercial banking, retail banking, agri and development banking and financial markets. The bank was founded in 1943 and is based in Kolhapur, Maharashtra.
