RBL Bank surges on recording 15% growth in total deposits in Q3FY25
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RBL Bank is currently trading at Rs. 168.05, up by 5.50 points or 3.38% from its previous closing of Rs. 162.55 on the BSE.
The scrip opened at Rs. 164.75 and has touched a high and low of Rs. 169.60 and Rs. 163.30 respectively. So far 317537 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 300.50 on 11-Jan-2024 and a 52 week low of Rs. 147.55 on 02-Dec-2024.
Last one week high and low of the scrip stood at Rs. 169.60 and Rs. 153.75 respectively. The current market cap of the company is Rs. 10128.46 crore.
The Institutions holding in the company stood at 41.66%, while Non-Institutions held 58.34% in the Bank.
RBL Bank’s total deposits stood at Rs 106,763 crore (provisional) as of December 31, 2024 (Q3FY25), posting a 15% rise in year-on-year (YoY) terms as against Rs 92,746 crore as of December 31, 2023 and on quarter-on-quarter (QoQ) basis, term deposits stood at Rs 107,959 crore as of September 30, 2024.
Its gross advances stood at Rs 92,740 crore (provisional) as of Q3FY25, posting a 13% rise in YoY terms against Rs 81,864 crore as of Q3FY24 and in QoQ basis stood at Rs 89,766 crore as of September 30, 2024.
CASA deposits grew 12% to Rs 35,020 crore (provisional) as of Q3FY25, as compared to Rs 31,338 crore on a yearly basis. On a quarterly basis, the CASA deposits stood at Rs 36,224 crore as of September 30, 2024.
CASA Ratio stood at 32.8% as of December 31, 2024 versus 33.8% as of December 31, 2023.
RBL Bank operates as a scheduled commercial bank. The bank offers its services under the various business verticals including corporate and institutional banking, commercial banking, retail banking, agri and development banking and financial markets.
