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Stock Report
RBL Bank Ltd - Q1 FY2025 Business Update
Posted On : 2024-07-04 22:06:58( TIMEZONE : IST )
RBL Bank Limited has announced the business updates for the period ended June 30, 2024.
Retail advances grew 31% YoY while wholesale advances grew 2% YoY for the quarter ended June 30, 2024. Within wholesale, commercial banking advances grew 23% YoY. The mix of retail: wholesale advances was approx. 62:38.
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 above information is provisional and being released ahead of the official announcement of the financial results for the quarter ended June 30, 2024, which is subject to approval by the Audit Committee of the Board of Directors, the Board of Directors and limited review by the statutory auditors of the Bank.
Shares of RBL Bank Limited was last trading in BSE at Rs. 266.25 as compared to the previous close of Rs. 269.55. The total number of shares traded during the day was 743180 in over 5265 trades.
The stock hit an intraday high of Rs. 270.35 and intraday low of 262.65. The net turnover during the day was Rs. 198447914.00.
