RBL Bank has said that its gross advances grew by 3 per cent to Rs 61,929 crore in the last fiscal. The bank had recorded gross advances worth Rs 59,983 crore in FY21. RBL Bank said the data is provisional, and it is being released ahead of the official announcement of the financial results for the quarter ended March 31, 2022.
The information is subject to approval by the audit committee of the board of directors, the board of directors and audit by the statutory auditors of the bank, it added.
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Retail advances declined 8 per cent year-on-year but grew 1 per cent sequentially. Wholesale advances surged 19 per cent year-on-year and 6 per cent on a quarter-on-quarter basis for the three months ended March 31, 2022, RBL Bank said.
