Retail liquidity coverage ratio (LCR) deposits amounted to Rs 43,139 crore as on 31 March 2024, up 17% YoY.
Total CASA rose 15% to Rs 36,448 crore as on 31 March 2024 as compared with Rs 31,717 crore recorded in 31 March 2023. CASA ratio reduced to 35.2% as on 31 March 2024 as against 37.4% as on 31 March 2023.
Average liquidity coverage ratio (LCR) stood at 140% as on 31 March 2024 as compared to 126% as on 31 March 2023.
The banks gross advances increased by 19% to Rs 85,640 crore as on 31 March 2024 from Rs 71,857 crore recorded in 31 March 2023.
RBL Bank said that retail advances grew 29% YoY while wholesale advances grew 7% YoY for the quarter ended 31 March 2024. Within wholesale, commercial banking grew at 17% YoY. The mix of retail: A wholesale advance was approximate 58:42.
RBL Bank is one of India's leading private sector banks with an expanding presence across the country. The bank offers specialized services under five business verticals namely: corporate & institutional banking, commercial banking, branch & business banking, retail assets and treasury and financial markets operations.
The bank’s standalone net profit grew by 11.54% to Rs 233.09 crore on 27.37% jump in total income to Rs 3968.95 crore in Q3 FY24 over Q3 FY23.
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