RBL Bank deposits decline 2.6% QoQ till December-end – Times of India

Mumbai: RBL Bank It said its deposits stood at Rs 73,637 crore at the end of December 2021, which is 2.58% lower than its deposit base of Rs 75,588 crore at the end of September 2021.
The bank said it was releasing the deposit numbers ahead of its financial results for the quarter ended December 2021, which is subject to approval. audit Committee of the Board of Directors.
The share of retail deposits and deposits from small businesses declined by 11.3% in three months to Rs 27,871 crore in December 2021 from Rs 31,421 crore in September 2021. As a result, the share of retail and small business deposits fell from 41.6% to 37.8%. during the same period.
Deposits in the bank’s current and savings account (CASA) declined to Rs 25,316 crore from Rs 26,734 crore in September 2021. The bank’s CASA deposit ratio fell one percentage point to 34.4%.
Total deposits grew by 9.6% y-o-y, with CASA deposits registering a y-o-y growth of 21.3%. According to the data released by reserve Bank of IndiaTotal bank deposits registered a growth of 9.6% on a yearly basis till December 17, 2021.

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