Q2 business update: gross advances ₹9,755 crore, up 23.4% YoY; GNPA improves to 2.36%

Q2 business update (provisional).

Thu 1 Oct 2026

Gross Advances

₹9,755 crores, +23.4% YoY, +7.5% QoQ

Total Deposits

₹10,831 crore, +16.2% YoY

Gross NPA Ratio

2.36% vs 2.70% YoY

Disbursements

₹1,095 crores vs ₹805 crores

CASA Deposits

₹3,734 crore (34.5% of total deposits)

Loan book

Gross advances stood at ₹9,755 crores as of September 30, 2026, versus 9,074 at June 30, 2026 and 7,907 a year earlier — growth of 23.4% year-on-year and 7.5% quarter-on-quarter.

• Disbursements in the quarter: ₹1,095 crores, against ₹805 crores in Q2FY26, a growth of 36.0%
• About 97% of the loan book is secured, consistent with the Bank's retail-focused lending approach

Asset quality

Gross NPA ratio was 2.36% of gross advances, compared with 2.47% at June 30, 2026 and 2.70% at September 30, 2025. The Bank attributes the improvement to underwriting standards, recovery mechanisms and a well-secured, granular portfolio.

Deposits

Total deposits rose to ₹10,831 crore, up 16.2% year-on-year and 2.2% quarter-on-quarter. CASA deposits stood at ₹3,734 crore, or 34.5% of total deposits, against 33.9% a year earlier. A higher CASA share generally indicates a lower-cost deposit base.

Credit-deposit ratio

The average CD ratio for the quarter (based on daily outstanding balances) was 85.4%, versus 81.5% for the quarter ended September 30, 2025. This measures how much of deposits is deployed as loans; a rising ratio shows faster loan growth than deposit growth.

What to keep in mind

These are provisional numbers, subject to limited review by the statutory auditors and approval from the Audit Committee and Board. Detailed financial results, including profit and margins, follow separately.

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