Overview

• HDFC Bank’s gross advances rose 6.7% to Rs 26,530 crore and period-end deposits jumped 16.2% to Rs 27,640 crore in Q1 FY26.
• Bank of India and Bank of Baroda reported 11% and 13% year-on-year gains in domestic advances alongside deposit increases of 9.6% and 8.1% respectively.
• IDBI Bank and UCO Bank grew total business by 8% and 13.7%, buoyed by net advance rises of 9% and 19.8%.
• Non-bank lenders proved resilient with Bajaj Finance and Bajaj Housing Finance posting 25% and 24% assets under management growth and Suryoday Small Finance Bank expanding advances by 20% and deposits by 39%.
• IndusInd Bank’s net advances declined 4% year-on-year and 3.1% sequentially following its recent derivative trading scandal.