September 2026 quarter business update: average advances up around 14.0%, average deposits up around 16.8% YoY

September 2026 quarter (Q2 FY27) business update.

Sun 4 Oct 2026

Average advances under management

₹ 31,872 billion, up ~14.0% YoY

Period end gross advances

₹ 32,195 billion, up ~16.3% YoY

Average deposits

₹ 31,665 billion, up ~16.8% YoY

Period end deposits

₹ 33,275 billion, up ~18.8% YoY

Period end CASA deposits

₹ 10,520 billion, up ~10.8% YoY

September 2026 quarter business update

The Bank has shared its key business volumes for the quarter and period ended September 30, 2026, along with the corresponding figures for the September 2025 quarter and the two preceding quarters.

Advances

• Average advances under management (advances grossing up for inter-bank participation certificates, bills rediscounted and securitisation / assignment) were ₹ 31,872 billion for the September 2026 quarter, a growth of around 14.0% over ₹ 27,946 billion for the September 2025 quarter.
• Period end advances under management were approximately ₹ 33,075 billion as of September 30, 2026, a growth of around 15.3% over ₹ 28,688 billion as of September 30, 2025.
• Period end gross advances aggregated to approximately ₹ 32,195 billion, a growth of around 16.3% over ₹ 27,692 billion.

Deposits

• Average deposits were ₹ 31,665 billion for the September 2026 quarter, a growth of around 16.8% over ₹ 27,105 billion.
• Average CASA deposits were ₹ 9,712 billion, a growth of around 10.7% over ₹ 8,770 billion.
• Average time deposits were ₹ 21,952 billion, a growth of around 19.7% over ₹ 18,335 billion.
• Period end deposits were approximately ₹ 33,275 billion as of September 30, 2026, a growth of around 18.8% over ₹ 28,018 billion.
• Period end CASA deposits were approximately ₹ 10,520 billion, a growth of around 10.8% over ₹ 9,492 billion.
• Period end time deposits were approximately ₹ 22,755 billion, a growth of around 22.8% over ₹ 18,526 billion.

Foreign currency deposits under the RBI swap facility

• Pursuant to the Reserve Bank of India's swap facility for FCNR(B) deposits introduced on June 8, 2026 and available for deposits mobilised till August 31, 2026, the Bank mobilised foreign currency deposits aggregating to USD equivalent 11.5 billion (₹ 1,103.4 billion).
• The overseas branches of the Bank extended loan facilities aggregating to USD 5.7 billion (₹ 547.7 billion) against these deposits.
• Standby letters of credit issued to other banks in respect of loans against these deposits aggregate to USD 3.1 billion (₹ 293.4 billion).
• During June–August 2026, the Bank issued in aggregate USD 2.5 billion (₹ 239.6 billion) of USD denominated senior unsecured bonds.

The rupee amounts in the foreign currency section are a convenience translation at the exchange rate prevailing on September 30, 2026.

How the trend reads

• On the numbers shared, growth in both average and period end deposits is higher than growth in advances, whether measured as average advances under management, period end advances under management or period end gross advances.
• Within deposits, time deposits show a higher growth rate than CASA deposits, both on an average basis and at period end. This means the share of CASA in total deposits is lower on a year-on-year comparison, though CASA deposits themselves have grown.
• The Bank's period end deposits (₹ 33,275 billion) and period end advances under management (₹ 33,075 billion) are both higher than the average figures for the quarter, which reflects the position at the close of the period.

What to keep in mind

• These are business volume figures. The Bank states that its results as of September 30, 2026 will be subject to a limited review by the statutory auditors.
• Profitability, margins, asset quality and provisioning are not part of this intimation, so the figures here describe the size and mix of the balance sheet, not earnings.

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