Retail loan growth slows to 16.6% in June: RBI
The dip was mainly driven by a slowdown in the growth of 'other personal loans' and 'advances against fixed deposits'
The dip was mainly driven by a slowdown in the growth of 'other personal loans' and 'advances against fixed deposits'
The merged entity’s gross advances grew 13.1% YoY to ₹22.45 lakh crore, while deposits rose 16.2% YoY to ₹20.63 lakh crore.
RBL Bank is allocating capital to build a new line of secured housing business, and aims to carry out steps to reduce costs to protect its balance sheet in light of the changing economic environment.