Moneycontrol PRO
HomeNewsBusinessStocksRBL Bank share price gains after deposits grow 5% in Q2, retail advances jump 23% YoY

RBL Bank share price gains after deposits grow 5% in Q2, retail advances jump 23% YoY

Deposits of the bank in Q2FY21 grew 5 percent QoQ and 3 percent YoY. Its gross advances declined 3 percent YoY and 1 percent QoQ, while retail advances grew 23 percent YoY and 7 percent QoQ.

October 08, 2020 / 09:37 IST
     
     
    26 Aug, 2025 12:21
    Volume
    Todays L/H
    More

    RBL Bank share price gained 2 percent in the morning session on October 8 after the bank declared its business update for the September quarter.

    Deposits of the bank in Q2 FY21 grew 5 percent QoQ and 3 percent YoY. Its gross advances declined 3 percent YoY and 1 percent QoQ, while retail advances grew 23 percent YoY and 7 percent QoQ.

    CASA ratio stood at 31.1 percent in Q2 FY21 against 30.1 percent in Q1 FY21 and 26.5 percent in Q2FY20, the company added.

    Capture

    The stock was trading at Rs 179.40, up Rs 2.30, or 1.30 percent. It has touched an intraday high of Rs 180.80 and an intraday low of Rs 178.25.

    According to Moneycontrol SWOT Analysis powered by Trendlyne, FII / FPI or institutions increasing their shareholding. The bank has been effectively using its capital to generate profit - RoCE improving in last 2 years.

    Moneycontrol technical rating is neutral with moving averages being bullish and technical indicators being neutral.

    Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.​

    Moneycontrol News
    first published: Oct 8, 2020 09:37 am

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347