Key business update for the quarter ended September 30, 2026: deposits up 24.34%, gross advances up 25.05% YoY

Provisional business update for the quarter ended 30-Sep-26.

Thu 1 Oct 2026

Total Deposits

₹28,466 Crore, up 24.34% YoY

Gross Advances

₹23,931 Crore, up 25.05% YoY; including IBPC ₹24,981 Crore, up 30.54%

CASA / CASA Ratio

CASA ₹6,645 Crore, up 9.91%; CASA ratio 23.34% vs 26.41% YoY

Technical Write Off of NPAs (Q2)

₹625 Crore

Distribution Network

831 branches, 722 ATMs, 1060 Customer Service Centres

Deposits grew faster than a year ago

• Total deposits stood at ₹28,466 Crore as on 30-Sep-26, up 24.34% over ₹22,894 Crore as on 30-Sep-25, and up 5.73% over ₹26,924 Crore as on 30-Jun-26.
• Term deposits were ₹21,821 Crore, up 29.52% year-on-year; CASA (current account and savings account) deposits were ₹6,645 Crore, up 9.91% year-on-year.
• The CASA ratio is 23.34% as on 30-Sep-26, against 26.41% as on 30-Sep-25 and 23.39% as on 30-Jun-26. CASA is the lower-cost part of a bank's deposits, so this ratio shows how much of the deposit base came from that lower-cost source.

Advances

• Gross advances were ₹23,931 Crore, up 25.05% year-on-year and 3.08% quarter-on-quarter.
• Including IBPC, advances were ₹24,981 Crore, up 30.54% year-on-year.
• Within this, micro loans were ₹8,331 Crore — up 12.19% year-on-year but down 4.60% from ₹8,733 Crore as on 30-Jun-26. Retail and other loans were ₹15,600 Crore, up 33.21% year-on-year.
• MARG (MSME, Agri, Retail & Gold Loan) advances grew 38% year-on-year to ₹13,938 Crore.

Technical write off and the adjusted picture

• The Bank states it had undertaken a technical write off of the NPAs during Q2 amounting to ₹625 Crore. Had this not been done, gross advances as on 30-Sep-26 would have stood at ₹24,556 Crore, with year-on-year growth of 28.32% and quarter-on-quarter growth of 5.78%.
• Secured advances formed 65.19% of gross advances, against 61.20% as on 30-Sep-25.
• Disbursements were ₹16,608 Crore in FY27 so far, against ₹16,607 Crore in FY26.
• The CD ratio, computed as gross advances to deposits, was 84.07%, against 83.59% a year earlier.

Total business and network

• Total business of the Bank including IBPC was ₹53,447 Crore as on 30-Sep-26, against ₹42,031 Crore as on 30-Sep-25.
• The distribution network as on 30-Sep-26 comprised 831 branches, 722 ATMs and 1060 Customer Service Centres across 24 states and 2 union territories.

Points a reader may weigh

• Deposit growth was led by term deposits, while CASA grew more slowly, which shows up in the lower CASA ratio.
• Micro loans came down on a sequential basis even as retail and other loans grew.
• The quarter-ended figures are provisional and subject to limited review by the statutory auditors of the Bank.

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