MUMBAI: Private sector lender RBL Bank Ltd on Wednesday said while it lost about 8% of its deposits in the March quarter, its cost of deposits declined on a sequential basis during the period.
In a statement to the exchanges, the bank said there has been some run-offs of deposits but the reduction was essentially in bulk deposits from government entities and corporations.
The bank has also re-balanced its deposit profile wherein the proportion of retail deposit and current and savings account (CASA) ratio was higher sequentially as on 31 March.
RBL Bank said it saw a strong operating profit trajectory for the quarter, stable quarter-on-quarter (QoQ) and a consequent healthy growth year-on-year (YoY).