RBL Bank jumps as its deposits rise 5% in Q2FY23

RBL Bank is currently trading at Rs. 121.15, up by 3.45 points or 2.93% from its previous closing of Rs. 117.70 on the BSE.

RBL Bank
RBL Bank

The scrip opened at Rs. 119.60 and has touched a high and low of Rs. 123.70 and Rs. 118.40 respectively. So far 2300763 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 221.20 on 10-Nov-2021 and a 52 week low of Rs. 74.15 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 123.70 and Rs. 108.50 respectively. The current market cap of the company is Rs. 7287.14 crore.

RBL Bank The Institutions and Non-Institutions holding in the company stood at 40.50% and 59.50% respectively.

RBL Bank’s total deposits grew 5% to Rs 79,407 crore (Provisional) as of September 30, 2022 (Q2FY23), as compared to Rs 75,588 crore on a yearly basis. On a quarterly basis, the deposits stood at Rs 79,216 crore as of June 2022. Gross Advance stood at Rs 64,677 crore (Provisional) as of September 30, 2022, posting a 12% rise in year-on-year (YoY) terms against Rs 57,939 crore as of September 30, 2021 and on quarter-on-quarter (QoQ) basis stood at Rs 62,110 crore in June 2022.

The CASA was up 7% to Rs 28,718 crore as of September 30, 2022 (Provisional) against Rs 26,734 crore YoY. CASA ratio reached 36.2% (Q2FY23) from 36.0% (Q1FY23).

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

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