'RBL Bank conducted a concall on 19 October 2024 to discuss the financial results for the quarter ended September 2024 and prospects of the bank. R Subramaniakumar, MD&CEO of the bank addressed the call:
Highlights:
The bank is focused on realization of assets and liabilities. The granular deposits (deposits below Rs 3 crore) have shown a strong 22% growth against the overall deposit growth of 20%. The share of granular deposits increased to 48.5% end September 2024.
The bank has also shown a sharp increase in the disbursements of retail loans from Rs 600 crore per quarter in September 2022 to Rs 2300 crore per quarter in September 2024.
The current account balance growth of 22% is driven by the branch banking and corporate relationships.
The bank is consolidating position in the credit cards business, while the near term growth is on the backburner in the microfinance segment due to on ground issues relating to overleveraging of the custom...
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