RBL Bank sees over 11% drop in retail, small business deposits in Oct-Dec

RBL Bank witnessed a quarter-on-quarter (QoQ) drop of 11.3% in retail and small business deposits in the October-December quarter. Retail and small business deposits fell to ₹27,871 crore over the quarter. Total deposits in the quarter also fell 2.58% QoQ to ₹73,637 crore. This comes after the bank's MD and CEO Vishwavir Ahuja exited abruptly, reportedly making depositors nervous.