RBL Bank shares advanced over 2 percent intraday on January 6

RBL-Bank

RBL Bank shares advanced over 2 percent intraday on January 6 after company reported better loan growth for the quarter ended 31 December 2021.

RBL Bank’s gross advances jumped 5 percent year-on-year to Rs 59,941 crore (provisional) in Q3FY22 from Rs 57,092 crore in the same quarter of the previous fiscal year. Sequentially, it was up 3.5 percent from Rs 57,939 crore in Q2FY22.

Retail advances remained flat, while wholesale advances grew 8 percent sequentially during the three month period.

News Source:- Moneycontrol

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