RBL Bank’s deposit base shrinks by 3%

March 17, 2020 09:38 pm | Updated 09:38 pm IST - Mumbai

The fall-out of Yes Bank’s moratorium has impacted RBL Bank’s deposit base, which contracted by 3% in one week due to withdrawal by two State government agencies.

“While there has been no material impact on our retail deposits, there have been some withdrawals from institutional depositors and a couple of State government organisations constituting about 3% of our total deposits in the last one week,” the bank informed the exchanges.

“This is being addressed on a one-on-one basis with the State governments and at the industry level by RBI. In spite of this, we remain highly liquid with significant retail deposits, institutional lines, refinance, and surplus liquid assets,” the bank added.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.