RBL Bank shares hit a 52-week high of Rs 256.70 on 5 October after the company announced its quarterly report for the July-September quarter.

The private sector lender reported a 15% YoY increase in its total deposits at Rs 89,774 crore for the quarter under review and a 5% increase from the previous quarter.

The bank’s gross advances increased by 21% YoY and 5% from Q1FY24 to Rs 78,186 crore.

The Retail advances of the bank saw a 34% YoY and an 8% increase on a sequential basis, and the wholesale advances grew by 7% YoY, while over the previous quarter, it was flat for the quarter under review.

The quarter’s CASA (current account savings account) saw a 12% YoY increase and 0.5% QoQ to Rs 32,075 crore.

The bank’s stock has gained more than 77% over the last six months against the Nifty Bank index, which has given a return of 7.23% over the same period.

At 10:45 am, the shares of RBL Bank shed all their early gains and were spiralling down. They were trading at Rs 246.70 or 1.04% below their previous close on NSE.