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Provisional Q2 Updates Show Broad Loan and Deposit Growth Across Indian Banks

The filings are provisional pending auditor review, with detailed Q2 results to follow later in October.

Overview

  • HDFC Bank reported advances of about Rs 27.69 lakh crore, up 9.9% year on year, and deposits of roughly Rs 28.01 lakh crore, up 12.1%, with CASA deposits rising 7.4% to Rs 9.49 lakh crore.
  • Kotak Mahindra Bank posted net advances of Rs 4.62 lakh crore, up 15.8% year on year, and total deposits of Rs 5.28 lakh crore, up 14.6%, while CASA balances increased 11.2% to Rs 2.23 lakh crore.
  • Yes Bank’s loans reached Rs 2.5 lakh crore, up 6.5% year on year, deposits were Rs 2.97 lakh crore, up 7.1%, the CASA ratio rose to 33.8%, and the credit‑to‑deposit ratio eased to 84.4%.
  • IDBI Bank reported net advances of Rs 2.30 lakh crore, up 15%, and deposits of Rs 3.03 lakh crore, up 9%, while UCO Bank’s total business rose 13.29% year on year to Rs 5.37 lakh crore with advances up 16.67% and deposits up 10.87%.
  • Across lenders, low‑cost CASA balances generally improved and credit‑to‑deposit ratios moved in different directions, while IndusInd Bank disclosed sequential declines of about 2% in both advances and deposits and named Viral Damania as CFO.