Shares of RBL Bank were trading 2% higher during the early trading hours on 5 January after the lender announced its quarterly report for October-December.

The bank reported a 13% year-on-year increase in total deposits to Rs 92,743 crore during the quarter from Rs 81,746 crore reported in the same quarter last year. The gross advances during the quarter stood at Rs 81,870 crore, which is a 20% YoY increase from Rs 68,363 crore reported in the same quarter last year.

The bank reported, “The mix of retail: wholesale advances was approx. 58:42. The bank continues to focus on growing the share of granular retail deposits in the overall deposit mix, with retail deposits (as per LCR definition) at approximately 44.4% against 43.3% as of 31 December, 2022.”

The retail Liquidity Coverage Ratio (LCR) deposits during the quarter saw a robust growth by 16% YoY to Rs 41,209 crore from Rs 35,380 crore in the same quarter last year.

The bank’s CASA (current account savings account) deposits during the quarter grew by 5% to Rs 31,333 crore against Rs 9,948 crore recorded in Q3 last year. The CASA ratio dropped to 33.8% in Q3FY24 from 36.6% in the same period in the last financial year.

The bank’s financial report highlighted strong positive growth with a notable uptick in retail LCR deposits, while the lender’s CASA ratio declined during the quarter.

Over the past six months, the shares of the bank have given a return of 50.28%, whereas against that same period, the benchmark Nifty Bank index has given a return of 6.74%.

At 12:06 pm, the shares of RBL Bank were trading 0.94% higher at Rs 288.90 on NSE.