RBL Bank shares rose 6% after Q4 updates with increased total deposits and gross advances.
RBL Bank shares rose 6% after Q4 updates, with total deposits increasing 22% YoY to Rs 103,454 crore and gross advances growing 19% YoY to Rs 85,640 crore. Retail liquidity coverage ratio (LCR) deposits grew 17% YoY to Rs 43,139 crore, and retail advances increased 29% YoY. Despite the positive Q4 updates, some brokerage firms remain negative on the private lender, with some expecting up to 50% decline in the stock.
April 04, 2024
3 Articles