RBL Bank moves up as its gross advances rise 5% in Q3FY22

RBL Bank is currently trading at Rs. 133.70, up by 1.00 points or 0.75% from its previous closing of Rs. 132.70 on the BSE.

The scrip opened at Rs. 131.75 and has touched a high and low of Rs. 135.70 and Rs. 130.10 respectively. So far 448118 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 274.00 on 08-Jan-2021 and a 52 week low of Rs. 123.70 on 31-Dec-2021.

Last one week high and low of the scrip stood at Rs. 135.70 and Rs. 123.70 respectively. The current market cap of the company is Rs. 7954.71 crore.
The Institutions and Non-Institutions held 54.29% and 45.70% stake respectively in the company.

RBL Bank’s gross advances grew 5.0% to Rs 59,941 crore (Provisional) as of December 31, 2021 (Q3FY22), as compared to Rs 57,092 crore on a yearly basis. On a quarterly basis, the gross advances were up 3.5% from Rs 57,939 crore as of September 2021. Retail advances was flat, while wholesale advances grew 8% sequentially for the quarter ended December 31, 2021.

RBL Bank operates as a scheduled commercial bank. The bank offers its services under the five business verticals including corporate and institutional banking, commercial banking, retail banking, agri and development banking and financial markets. The bank was founded in 1943 and is based in Kolhapur, Maharashtra.