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 50.3% of the overall deposits of the bank as of 31 December 2024.
Total CASA rose 11.74% to Rs 35,020 crore as of 31 December 2024, as compared with Rs 31,338 crore recorded in 31 December 2023. CASA ratio reduced to 32.8% as of 31 December 2024, as against 33.8% reported in the same period a year ago.
Liquidity coverage ratio (LCR) stood at 143% as of 31 December 2024, compared to 132% as of 31 December 2023.
The bank's gross advances increased by 13% to Rs 92,740 crore as of 31 December 2024 from Rs 81,864 crore recorded in 31 December 2023.
RBL Bank said that retail advances grew 20% YoY while wholesale advances grew 5% YoY for the quarter ended 31 December 2024. Within wholesale, commercial banking advances grew 21% YoY. Within retail, secured retail advances (excl. credit cards and microfinance) grew 37% YoY. The mix of retail and wholesale advances was approximately 61:39.
RBL Bank is a private sector bank. It offers specialized services under five business verticals, namely: corporate banking, commercial banking, branch & business banking, retail assets, and Treasury & Financial Markets operations.
The bank's net profit fell 24.3% to Rs 222.52 crore on a 20.1% increase in total income to Rs 4458.29 crore in Q2 FY25 over Q2 FY24.