RBL Bank Limited — Important, 03-01-2025: Updates

RBL Bank reported strong deposit and advances performance for the quarter ended December 31, 2024. Total deposits reached ₹106,763 Cr, a 15% year-on-year increase, although slightly down 1% from the previous quarter. Deposits below ₹3 Cr constituted around 50.3% of total deposits, evidencing the bank's focus on granular retail deposits. Gross advances also rose by 13% YoY to ₹92,740 Cr, with retail advances growing 20% YoY and wholesale advances increasing by 5% YoY. Notably, secured retail advances (excluding credit cards and microfinance) showed a robust 37% YoY growth. The bank’s current bucket collection efficiency for microfinance advances improved to 98.4% in December, signaling strong asset quality. The liquidity coverage ratio was healthy at 143%, reflecting robust liquidity management. These metrics indicate a positive outlook for the bank, underlining its operational strengths and strategic focus in the retail sector.