Q3 2020 RBL Bank Ltd Earnings Call Transcript
Ladies and gentlemen, good day, and welcome to the earnings call of RBL Bank to discuss the financial performance of Q3 and 9 months FY '20. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Vishwavir Ahuja, Managing Director and CEO of RBL Bank. Thank you, and over to you, Mr. Ahuja.
Yes. Thank you, and good evening, ladies and gentlemen. Thank you for being on this earnings call for Q3 FY '20.
I want to start by observing that the bank continues to show healthy growth across all aspects of the franchise, which includes our advances position, our deposits position, our income, our operating profits and so on and so forth, signifying the strength of our business model and strategy.
For the quarter itself, the advances grew 20% year-on-year. Our wholesale business growth was muted at 3%, as might be expected. But the nonwholesale businesses continued to grow strongly at 42% year-on-year.
Deposits grew
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