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Key Points

Private sector banks are showing remarkable financial resilience in the second quarter of FY26. HDFC Bank, Kotak Mahindra Bank, and IDBI Bank have reported significant growth in advances and deposits. These provisional numbers indicate a strong performance across the banking sector. The consistent growth suggests confidence in India's economic recovery and banking infrastructure.

Key Points: Private Banks HDFC Kotak IDBI Boost Deposits Ahead of Q2

  • HDFC Bank advances grow 9.9% to Rs 27.69 lakh crore
  • Kotak Bank deposits increase 14.6% to Rs 5.28 lakh crore
  • IDBI Bank total business rises 12% YoY
  • Private lenders show robust financial expansion
2 min read

Private sector lenders post rise in deposits ahead of Q2 results

Private sector banks report significant growth in advances and deposits, signaling strong financial performance in Q2 FY26

"Our total deposits rose 14.6% year-on-year - Kotak Mahindra Bank Provisional Report"

New Delhi, Oct 4

Ahead of the second quarter earnings reports (Q2 FY26), private lender HDFC Bank, IDBI Bank and Kotak Mahindra Bank have reported an increase in their net advances based on their provisional estimate.

Disclosing its provisional numbers, Kotak Mahindra Bank said that its net advances rose 15.8 per cent year-on-year (YoY) to Rs 4.62 lakh crore in the July-September quarter. Sequentially, it escalated by 4 per cent to Rs 4.44 lakh crore.

Kotak Bank's total deposits stood at Rs 5.28 lakh crore during the period, up by 14.6 per cent from Rs 4.61 lakh crore in the year-ago period. In the previous quarter, the bank had reported its total deposits as Rs 5.12, marking a sequential rise of 3.1 per cent for the current quarter.

In an exchange filing, HDFC Bank, the country's biggest private sector bank, informed that its total advances grew 9.9 per cent YoY to Rs 27.69 lakh crore in the quarter.

Meanwhile, according to the private bank, its period-end deposits rose 12.1 per cent to Rs 28.01 lakh crore YOY. Additionally, its current account and savings account deposits advanced 7.4 per cent to Rs 9.49 lakh crore.

The private sector lender had reported Rs 25.19 lakh crore as the total advances in the same quarter a year ago.

For the quarter that ended on June 30, the private lender reported gross advances of 26.53 lakh crore, while period-end deposits totalled Rs 27.64 lakh crore.

IDBI Bank, another private sector lender, said its total business rose 12 per cent YoY in the September quarter of FY26 to Rs 5.33 lakh crore, compared with Rs 4.78 lakh crore in the same period last year.

The lender's total deposits grew 9 per cent YoY to Rs 3.03 lakh crore, while net advances expanded 15 per cent YoY to Rs 2.30 lakh crore.

The bank's CASA deposits stood at Rs 1.39 lakh crore, up 4 per cent from Rs 1.33 lakh crore a year ago.

- IANS

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Reader Comments

R
Rohit P
Impressive numbers from Kotak Mahindra Bank with 15.8% YoY growth in advances. Shows the confidence people have in private banks over public sector ones these days.
A
Arjun K
While the growth numbers look good, I hope banks maintain proper lending standards. We don't want another NPA crisis like we saw a few years back. Quality over quantity always!
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Sarah B
Interesting to see IDBI Bank's performance post privatization. 12% business growth is quite decent. Hope this trend continues and benefits the overall banking sector.
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Vikram M
The CASA ratio growth is particularly important - shows more people are keeping money in current and savings accounts. This helps banks reduce their cost of funds. Smart banking strategy! 💰
M
Michael C
As someone who invests in bank stocks, these provisional numbers are encouraging. Looking forward to the detailed Q2 results to understand the profitability and asset quality better.

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