Shares of RBL Bank rallied 5.6% to Rs 156.7 in Thursday’s trade on BSE after the lender reported a 22% year-on-year (YoY) growth in its deposits for the quarter ended March, while advances jumped 19% in the same period.The private lender has reported deposits of Rs 1,03,454 crore for the quarter ended March. This represents a growth of 22% compared to the same period last year and a 12% increase from the previous quarter, according to preliminary figures. The bank’s gross advances for the quarter amounted to Rs 85,640 crore, marking a 19% YoY increase and a 5% quarter-on-quarter (QoQ) rise. Meanwhile, retail advances saw a 29% YoY growth, while wholesale advances grew by 7% YoY for the…
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