RBL Bank stock gains 2.5% following healthy December quarter business update
2 days, 19 hours ago

RBL Bank stock gains 2.5% following healthy December quarter business update

Live Mint  

Shares of RBL Bank ended higher at ₹166.80 apiece in trade on Monday, January 6, marking a 2.46% gain compared to the previous close as investors reacted positively to the bank's December quarter business update, which was released over the weekend. Q3 business update RBL Bank reported a 15% YoY jump in its deposits, reaching ₹92,746 crore in Q3FY25, while on a sequential basis, deposits were down by 1%. Retail advances grew 20% YoY, while wholesale advances grew 5% YoY for the quarter ended December 31, 2024. The bank said it continues to focus on growing the share of granular retail deposits in its overall deposit mix, with deposits below ₹3 crore constituting approximately 50.3% of the bank's total deposits as of December 31, 2024, as per the regulatory filing.

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