RBL Bank Reports 29% YoY Growth in Retail Advances, 17% YoY Growth in Commercial Banking in its Q4 Results

RBL Bank has announced its financial results for the quarter ended March 31, 2024, provisional figures of which indicate a 29% YoY growth in retail advances and a 17% YoY growth in commercial banking within wholesale advances. Total deposits showed a 22% growth YoY and a 12% growth QoQ. The CASA ratio increased from 33.8% to 35.2%, and the Liquidity Coverage Ratio was 140%. The official announcement of the financial results is subject to approval by the Audit Committee, the Board of Directors, and audit by the Statutory Auditors of the Bank.