Driven by 27% YoY growth in revenue, RBL Bank (RBL) has reported in line Q4FY24 PAT of INR 3.5bn (up 30% YoY) while asset quality improved. Overall, Q4 saw strong deposits growth (up 12% QoQ), steady advances growth (up 5%QoQ), rise in spreads, contained opex and sharp improvement in headline GNPA. Improvement in LDR (to 81%), LCR (to 140%) and steady asset quality also bode well for strong loan growth in current environment.