Tuesday, January 25, 2022
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RBL Bank’s gross advances rise 5 pc to ₹59,941 cr by Dec-end

RBL Bank on Wednesday explained its gross innovations grew 5 for each cent 12 months-on-yr to 59,941 crore as of December 31, 2021.

The financial institution mentioned it is a provisional figure for Q3FY22.

The non-public sector financial institution had gross improvements amounting to 57,092 crore by the corresponding period a 12 months ago.

On a sequential foundation, the gross improvements jumped 3.5 per cent from 57,939 crore at the close of September 30, 2021, RBL Bank mentioned in a regulatory filing.

The bank’s retail advancements were flat although wholesale developments grew 8 for every cent sequentially for the quarter ended December 31, 2021, it explained without the need of disclosing complete figures.

The blend of retail to wholesale advances was about 53:47.

Shares of RBL Bank on Wednesday shut at 132.70 apiece on the BSE, up 1.45 per cent from the prior close. 

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