RBL Bank Ltd (NSE:RBLBANK)

₹ 246.4 0.35 (0.14%) Market Cap: 149.42 Bil Enterprise Value: 154.26 Bil PE Ratio: 11.96 PB Ratio: 1.00 GF Score: 77/100

Q1 2024 RBL Bank Ltd Earnings Call Transcript

Jul 22, 2023 / 10:00AM GMT

Transcript

Operator

Ladies and gentlemen, good day, and welcome to RBL Bank Limited Q1 FY '24 Earnings Conference Call. (Operator Instructions) Please note that this conference is being recorded.

I now hand the conference over to Mr. R. Subramaniakumar, Managing Director and CEO of RBL Bank. Thank you, and over to you, Mr. Kumar.

R. Subramaniakumar

RBL Bank Limited - MD, CEO & Additional Director

Thank you. Good evening, ladies and gentlemen, and thank you for joining us for a discussion on RBL Bank's financial results for the first quarter FY '24. I'm, as always, joined on this call by Mr. Rajeev Ahuja, Jaideep Iyer and other members of our management team, who, along with me, will address any questions that you have.

I want to briefly touch upon a few of the key items from our business performance this quarter. Firstly, on growth. I'm happy to report that we have grown our advances in Q1 at 21% YoY and 4% sequentially. Retail advances have grown at a faster pace with a growth of 34% YoY and 8% sequentially. Wholesale advances grew 8% YoY.

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