Deposits rise 8% in Q1 for RBL Bank

5 Jul 2023 , 12:50 PM

Retail liquidity coverage ratio (LCR) deposits as of the end of June 2023 totaled Rs 37,353 crore (up 19% YoY). 

In June 2023, the liquidity coverage ratio (LCR) was 129%. LCR was 149% as of June 30, 2022. From Rs 62,110 crore on June 30, 2022, the banks’ gross advances climbed by 20% to Rs 74,792 crore on June 30, 2023.

RBL Bank said that, for the quarter ending June 30, 2023, ‘Retail advances climbed 32% YoY while wholesale advances grew 8% YoY. The ratio of advances to retail to wholesale was roughly 56:44.

The Bank is still working to increase the proportion of granular retail deposits in the total mix of deposits; as of June 30, 2022, retail deposits (as defined by the LCR) were at about 43.6%, up from 42.8% at the end of the previous quarter and 39.7%.

One of the top private sector banks in India, RBL Bank has a growing presence all throughout the nation. The bank provides specialized services within five business verticals, including retail assets, treasury and financial markets operations, commercial banking, branch & business banking, corporate & institutional banking, and branch & business banking. 

In Q4 FY23 over Q4 FY22, the bank recorded a 37% increase in standalone net profit to Rs 271.05 crore on a 20% increase in total income to Rs 3,170.32 crore.

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