RBL Bank Advances Grow 9% On Year In June Quarter; Retail Deposits Gain Share

RBL Bank Ltd.'s gross advances rose 9% on year and 2% sequentially to ₹967.04 billion as of June 30, driven by a 7% rise in retail loans and a 13% increase in wholesale advances, the lender said in a filing Friday.

Within wholesale lending, commercial banking loans jumped 32% on year and 6% on quarter. Secured retail advances rose 23% on year, while unsecured retail loans fell 7% over the same period.

Total deposits rose 11% on year to ₹1.127 trillion, although the CASA ratio declined to 32.5% from 34.1% in the March quarter. Deposits under ₹30 million now make up 51.4% of the bank's overall deposits, up from 49.8% in the previous quarter, reflecting a focus on deepening the retail base.