RBL Bank shares tumble 4% after Q1 update disappoints

The bank’s stood at Rs 32,996 crore, which was a 3% YoY increase, but a decline of 9% QoQ. Company’s gross advances increased 18% YoY to Rs 88,455 crore.

RBL Bank has reported a CASA ratio and liquidity coverage ratio at 32.6% and 137% respectively for the first quarter of FY25.

Also read:

“The Bank continues to focus on growing the share of granular retail deposits in the overall deposit mix, with deposits below Rs. 3 Crore constituting approx. 49.3% of the overall deposits of the Bank as at June 30, 2024,” the bank said in a filing to the exchanges.

The bank also informed that the retail advances in the June quarter grew by 31% YoY while wholesale advances grew 2% YoY. Within wholesale, commercial banking advances grew 23% YoY. The mix of retail:wholesale advances was approximately 62:38.

In the last one year, have surged 36.30% with a gain of 21.7% on . The last one month also saw an increase of 6.5% in the share price while in the last 2 weeks, the stock has declined by 1.40%.

Technically, the stock is placed well above all its significant exponential moving averages and is oscillating at a mid range on the RSI near the 56 level.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)