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Indian Banks Report Strong Loan Growth in September Quarter
Several Indian banks said they lent more money in the September quarter than they had a year earlier.
Bank of India and Jammu & Kashmir Bank both reported strong growth in loans.
In many banks, loans grew faster than deposits, which are the funds customers keep in their accounts.
This made the share of deposits being lent out higher at some banks.
UCO Bank and Punjab National Bank both reported increases in that measure.
Jammu & Kashmir Bank’s CASA ratio, which tracks current and savings account deposits, went down.
Karnataka Bank and Dhanlaxmi Bank also reported strong loan growth.
These figures are provisional business updates from the banks.
Bank of India’s global advances rose 20.4% year-on-year to Rs 8.54 lakh crore, while deposits grew 21.6% to Rs 10.38 lakh crore.
Jammu & Kashmir Bank’s advances increased 23.7% to Rs 1.34 lakh crore, outpacing deposit growth of 16.3%; its CASA ratio fell to 42.01%.
Among banks reporting provisional figures, advances generally grew faster than deposits, raising credit-deposit ratios at several lenders.
UCO Bank’s advances rose 24.7% and its credit-deposit ratio increased to 82.37%; Punjab National Bank’s ratio rose to 75.56%.
Karnataka Bank reported 24.9% advances growth, while Dhanlaxmi Bank said gold and MSME loans helped drive its advances higher.
- Who
- Bank of India, Jammu & Kashmir Bank, and other Indian banks that released provisional business figures.
- What
- Banks reported year-on-year growth in advances and deposits for the September quarter, with loan growth generally outpacing deposit growth.
- Where
- India.
- When
- The September quarter; figures were released on Saturday.
- Why
- The banks released provisional figures on their loan books, deposits, and total business.
Key facts
- Bank of India global advances
- Rs 8.54 lakh crore, up 20.4% year-on-year
- Bank of India global deposits
- Rs 10.38 lakh crore, up 21.6%
- Jammu & Kashmir Bank advances
- Rs 1.34 lakh crore, up 23.7%
- Jammu & Kashmir Bank CASA ratio
- 42.01%, down 388 basis points year-on-year
- Punjab National Bank global credit-deposit ratio
- 75.56%, compared with 72.33% a year earlier
- UCO Bank credit-deposit ratio
- 82.37%, compared with 75.47% a year earlier
- Dhanlaxmi Bank loan growth drivers
- Gold loans grew 53.4% and MSME loans grew 35.9%
Quotes
South Indian Bank
The bank reporting its quarterly provisional business figures
“During the quarter ended 31.03.2026 Bank had technically written off an amount of Rs 1,048 crore. Had it not been done the y-o-y growth as on 30.09.2026 would have been 19.81%”
financialexpress.com
Sources
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