On Wednesday, RBL Bank has said its gross advances grew five per cent year-on-year to Rs 59,941 crore as of December 31, 2021. The bank said it is a provisional figure for Q3FY22.
The private sector lender had gross advances amounting to Rs 57,092 crore by the corresponding period a year ago.
- Jubilant Pharmova Shares Climbed 8% On Announcing Ceastion of Loss Making Arm’s Operations in Salisbury, USA
- Paytm Shares Gained 4.5% on NPCL’s Approval To Create New VPAs with Axis, HDFC, SBI, and Yes Bank
- Ambuja Cements Shares Gained 3% On Receiving Additional Rs 8,339 Crore Investment From Adani Group
- Stocks Under F&O Ban: Balrampur Chini Mills, Vodafone Idea, Piramal Enterprise, and Others
- Stocks in Focus: Vodafone Idea, ICICI Lombard, Paytm, Ambuja Cement, and Others
On a sequential basis, the gross advances jumped 3.5 per cent from Rs 57,939 crore at the end of September 30, 2021, RBL Bank said in a regulatory filing.
The bank’s retail advances were flat while wholesale advances grew eight per cent sequentially for the quarter ended December 31, 2021, it said without disclosing absolute figures.