RBL Bank soars nearly 3% on reporting 15% growth in gross advances in Q2FY25

RBL Bank’s gross advances stood at ₹89,786 crore (provisional) as of September 30, 2024 (Q2FY25), posting a 15% rise in year-on-year (YoY) terms against ₹78,170 crore as of September 30, 2023. Total deposits grew 20% to Rs 1,08,028 crore (provisional) as of September 30, 2024, as compared to ₹89,780 crore as of September 30, 2023.

CASA stood at ₹36,221 crore (provisional) as of September 30, 2024, posting a 13% rise in year-on-year terms against ₹32,089 crore as of September 30, 2023. CASA Ratio stood at 33.5% as of September 30, 2024, versus 35.7% as of September 30, 2023. The Liquidity Coverage Ratio (LCR) stood at 129% as of September 30, 2024, versus 142% as of September 30, 2023.

Net interest income (NII) increased by 19.5% to ₹1,699.9 crore, up from ₹1,422.3 crore in the same period last year. Gross non-performing assets (GNPA) increased slightly to 2.69% from 2.65% in the previous quarter. The net profit 29% YoY to ₹372 crore, up from₹ 288 crore in the same period last year.

RBL Bank operates as a scheduled commercial bank. The bank offers its services under various business verticals, including corporate and institutional banking, commercial banking, retail banking, agri and development banking and financial markets.