RBL Bank is in advanced discussions to open bank accounts for Zerodha’s 160 million broking clients – a move that could unlock up to Rs 40,000 crore in sticky deposits and deliver over 30% overnight boost to the bank’s deposit base, said sources close to the development.

“The potential inflow from Zerodha’s client pool represents a strategic leap in RBL’s retail franchise and CASA ratio,” a source said, indicating that talks between RBL and Zerodha have been going for some time.

“We would not like to comment,” said Zerodha’s spokesperson, while an email sent to RBL Bank went unanswered.

Zerodha’s client base is essentially traders, making their funds particularly attractive for CASA mobilisation. The Rs 40,000 crore potential deposits are not just a quantum; they represent low churn

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