The bank continues to focus on growing the share of granular retail deposits in the overall deposit mix, with deposits below Rs 3 Crore constituting approximately 49.3% of the overall deposits of the bank as at 30 June 2024.

Total CASA rose 3% to Rs 32,996 crore as on 30 June 2024 as compared with Rs 31,927 crore recorded in 30 June 2023. CASA ratio reduced to 32.6% as on 30 June 2024 as against 37.3% reported in the same period a year ago.

Liquidity coverage ratio (LCR) stood at 137% as on 30 June 2024 as compared to 129% as on 30 June 2023.

The banks gross advances increased by 18% to Rs 88,455 crore as on 30 June 2024 from Rs 74,761 crore recorded in 30 June 2023.

RBL Bank said that retail advances grew 31% YoY while wholesale advances grew 2% YoY for the quarter ended 30 June 2024. Within wholesale, commercial banking advances grew 23% YoY. The mix of retail: wholesale advances were approximately 62:38.

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 private lender's standalone net profit jumped 30.1% to Rs 352.64 crore on 27.08% jump in total income to Rs 4,214.56 crore in Q4 FY24 over Q4 FY23.

The scrip slipped 2.29% to currently trade at Rs 260.15 on the BSE.