HomeBusinessRBL Bank: Total deposit tanks to 2.58 percent QoQ by December end

RBL Bank: Total deposit tanks to 2.58 percent QoQ by December end



India-based private banker, RBL Bank on Sunday said, it has reported a 2.58 percent decline in its total deposit for December 31, to Rs 73,637 crore, as against Rs 75,588 crore on September 30.

Briefing the stock exchange on the development, RBL Bank in its filing said, “The bank has, however, reported a surge of 9.61% in its Year-on-Year (YoY) total deposits at Rs 73,141 crore on December 31, 2021, as against Rs 67,184 crore for the same month last year.”

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“The Bank has recorded a 5.50% decline in its current account and saving account (CASA) deposit at Rs 25,316 crore for December 31, compared to Rs 26,734 crore in September,” the filing said.

While the RBL Bank has witnessed a dip in its MoM CASA deposits, its YoY CASA deposit increased by 21.32 percent to Rs 25,316 crore in December 2021 as against  Rs 20,867 crore for the same month last year.

The CASA ratio stood at 34.4 percent at the end of December 31, 2021, lower than 35.4 percent at the end of the September quarter. 

On December 31, 2020, it stood at 31.1 percent.

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Further briefing to the exchange, the Bank said, “The retail deposits and deposits from small business customers have dropped to 11.30 percent QoQ, down from Rs 31,421 crore on September 31 to Rs 27,871 on December 31. In the year-ago period, it stood at Rs 24,413 crore.”

“The above information is provisional and being released ahead of the official announcement of the financial results for the quarter ended December 31, 2021, which is subject to approval by the audit committee of the Board of Directors,” the bank added.

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Krishna Mali
Krishna Mali
Founder, CEO & Group Editor of TechGraph.

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