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RBL Bank says total deposits rise 6% YoY in Q1

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Capital Market
Last Updated : Jul 05 2022 | 10:04 AM IST

The private lender's total deposits rose 6% to Rs 79,217 crore as of 30 June 2022 compared with Rs 74,471 crore as of 30 June 2021.

The total deposits rose 0.27% last quarter compared with Rs 79,007 crore as of 31 March 2022.

The bank's Retail LCR deposits rose 6% year on year (YoY) and 2% quarter on quarter (QoQ) to Rs 31,375 crore as of 30 June 2022. Liquidity Coverage Ratio was at 149% in Q1 FY23 as against 134% in Q1 FY22 and 138% in Q4 FY22.

CASA stood at Rs 28,525 crore as of 30 June 2022, registering a growth of 14% YoY and 2% QoQ. CASA ratio improved to 36% in Q1 FY23 compared with 33.7% in Q1 FY22 and 35.3% in Q4 FY22.

Gross Advances stood at Rs 62,095 crore as of 30 June 2022, recording a growth of 7% YoY and 0.24% QoQ. Retail advances declined 5% YoY and 3% sequentially while wholesale advances grew 22% YoY and 4% sequentially for the quarter ended 30 June 2022. The mix of retail: wholesale advances was approx. 51:49.

The bank said that asset quality parameters on the portfolio continues to see improvement in Q1 FY23, in line with the improving trend of the past few quarters.

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RBL Bank is engaged in providing a range of banking and financial services, including commercial banking, retail banking, agriculture finance and financial inclusion, treasury operations and other banking related activities.

RBL Bank's standalone net profit surged 162.6% to Rs 197.83 crore on a 5.1% rise in total income to Rs 2,642.31 crore in Q4 FY22 over Q4 FY21.

Shares of RBL Bank were down 1.72% to Rs 85.85 on the BSE.

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First Published: Jul 05 2022 | 9:42 AM IST

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