Total RBL Bank deposits fell 2.58% qoq (qoq) to 73,637 crore at end-December 2021 from ₹ 75,588 crore at end-September 2021, according to provisional revenue.
At the end of December 2021, however, the private sector bank’s total deposits increased by 9.61% year-on-year (year-on-year) from 67,184 crore at the end of December 2020, the bank said in a filing. regulatory.
During the third quarter, the bank’s Low Cost Current Account Savings Account (CASA) deposits decreased from 1,418 crore yen to 25,316 crore yen at the end of December 2021.
CASA deposits represented 34.4% of total deposits at end-December 2021, compared to 35.4% at end-September 2021.
Retail deposits and small business deposits fell to 37.8% of total deposits at end-December 2021 from 41.6% at end-September 2021.
The short-term liquidity / LCR ratio (quarterly average) stood at 146% at the end of December 2021 compared to 155% at the end of September 2021.
RBI appoints interim CEO
The bank, on December 30, 2021, said that the Reserve Bank of India (RBI) had approved the appointment of Rajeev Ahuja as the bank’s managing director and acting CEO for a period of three months from December 25, 2021. or until the appointment of a CEO and CEO, whichever comes first.
The bank’s board of directors, at its meeting on December 25, 2021, accepted the request of long-time managing director and CEO Vishwavir Ahuja to take time off.
On December 24, 2021, the RBI appointed an additional director – its managing director Yogesh K Dayal – to the bank’s board of directors.
Referring to speculation about RBL Bank in some neighborhoods, which appeared to stem from recent events surrounding the bank, the RBI said on December 27 that there was no need for the bank’s depositors and other stakeholders to react to the reports. speculative.
The central bank added that the bank’s financial health remains stable.
Calling attention to RBL Bank’s half-yearly audited results as of September 30, 2021, the RBI said the bank has maintained a comfortable capital ratio of 16.33% and a provision coverage ratio of 76.6%.
During a media call on December 26, Rajeev said that RBL Bank and its management team fully support the RBI.
He pointed out that the bank has excess liquidity of around 15,000 crore, refinanced by the RBI and the bank lines to handle any volatility in deposits.
Rajeev stressed that these developments are not due to concerns about the advances, the quality of assets and the level of deposits of the bank.