RBL Bank posts gross advances Rs59,941cr in Q3FY22 rising by 5% yoy; Stock gains 2%

6 Jan 2022 , 11:50 AM

RBL Bank stock witnessed stellar buying on Thursday after the lender posted gross advances of Rs59,941cr for the quarter ending December 2021 (Q3FY22) period. The lender has announced the provision data of its advances and deposits for Q3.

The latest Q3 advances have risen by 5% yoy and 3.5% qoq. The bank had posted gross advances of Rs57,092cr in Q3FY21 and Rs57,939cr in Q2FY22.

Further, the bank’s retail advances was flat while wholesale advances grew 8% sequentially for the quarter ended December 31, 2021. The mix of retail: wholesale advances was approx. 53:47.

At around 11.47 am, RBL Bank was trading at Rs135.35  per piece up by 25 on Sensex. The stock was near the day’s high of Rs136.05 per piece.