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Mid-Sized Private Banks Post Double-Digit Growth in Q1 Business Metrics

Provisional filings show surges in low-cost deposits coupled with advances drove their Q1 results, lifting share prices

South Indian Bank shares in focus on Q1 business updates
Karur Vysya Bank shares rise as Q1 advances, deposits jump 15% each
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Overview

  • Karur Vysya Bank’s total business rose 15.3% year on year to Rs 1.96 lakh crore in Q1 FY26, with deposits and advances each up 15%
  • Its current and savings account balances grew 4.5% to Rs 29,306 crore, enhancing low-cost funding
  • uth InIndian Bank’s gross advances increased 8.02% to Rs 89,201 crore and deposits climbed 9.07% to Rs 1.13 lakh crore in the April-June quarter
  • South Indian Bank maintained a stable CASA ratio of 32.06% as CASA balances rose 9.06% to Rs 36,204 crore
  • Shares of both lenders outpaced the Nifty 50 in early July trading, with Karur Vysya up nearly 3% and South Indian Bank up just over 2%