Company Update : RBL Bank Ltd By Motilal Oswal Financial Services Ltd
Business growth in line with estimates; CASA ratio improves
Retail to wholesale mix stood at 61:39
RBL Bank (RBK) released its quarterly business update for 4QFY25. Here are the key highlights:
* RBK reported 11% YoY/3% QoQ growth in gross advances to INR949.7b, largely in line with estimates. Among segments, retail advances grew 15% YoY, while wholesale loans grew at a modest rate of 5% YoY. The mix of retail and wholesale stood at 61:39.
* Deposit base grew by 7% YoY/4% QoQ to INR1,109b. CASA deposits grew strongly by 8% QoQ (4% YoY). As a result, CASA ratio increased to 34.1% (vs. 32.8% in 3QFY25). Further, deposits INR30m saw a growth of 3% QoQ (16% YoY). Retail deposit mix with below INR30m now forms 49.8% of total deposits.
* Collection efficiency for the JLG segment stood at 99% in Mar’25 vs. 98.4% in Dec’24. The current bucket collection, excluding Karnataka, stood at 99.3%.
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