RBL Bank shares added a spark to Monday’s trading, closing at ₹166.80, up 2.46%. Investors seemed buoyed by the bank’s upbeat December quarter business update, marking three consecutive days of gains and a 5.6% rise for January so far. Here’s what caught everyone’s attention: RBL Bank’s deposits surged 15% year-on-year to ₹92,746 crore. While that’s an impressive climb, a 1% dip compared to the previous quarter raised some eyebrows. What really stood out was the spike in high-value deposits, those above ₹3 crore, which jumped 30% year-on-year. Retail deposits under ₹3 crore now make up just over half of the total, signaling a steady push toward granular deposits. On the lending side, retail advances soared 20% year-on-year, led by a remarkable 37% growth in secured retail loans. Wholesale lending saw a modest 5% increase, though commercial banking advances within that category grew a healthier 21%. While December’s microfinance collection efficiency nudged upward to 98.4%, the bank still faces the shadows of its September quarter. Back then, a 24% drop in profit and a shrinking net interest margin of 5.04% spooked markets. Higher slippages in credit cards and microfinance led to a 69% jump in provisions, dampening the stock’s appeal and causing a steep two-month decline. Today’s uptick suggests renewed confidence, but with mixed signals on growth and profitability, investors will be keenly watching the Q4FY25 results for clarity on the bank’s longer-term trajectory.