The bank reported a 14.4% year-on-year rise in average total deposits, which stood at Rs 5,10,138 crore for the September quarter. This compares with Rs 4,46,110 crore in the same period last year. On a sequential basis, the average deposits rose 3.7% from Rs 4,91,998 crore in the June 2025 quarter. The total deposits at the end of the September quarter reached Rs 5,28,776 crore, marking a 14.6% increase over Rs 4,61,454 crore as of September 30, 2024, and a 3.1% rise from Rs 5,12,838 crore recorded at the end of the June quarter.
The bank also posted a 14.6% year-on-year growth in average net advances, which stood at Rs 4,47,809 crore for the quarter, up from Rs 3,90,590 crore in the same quarter last year. Compared to Rs 4,30,449 crore in the preceding quarter, net advances rose by 4% sequentially. As of September 30, 2025, net advances stood at Rs 4,62,552 crore, reflecting a 15.8% increase over Rs 3,99,522 crore as of September 30, 2024, and a 4% increase from Rs 4,44,823 crore reported at the end of the June 2025 quarter.
Current and Savings Account (CASA) balances at the end of the September quarter were reported at Rs 2,23,791 crore, an 11.2% rise from Rs 2,01,275 crore in the same period last year and a 6.7% increase over Rs 2,09,645 crore in the June quarter. The average CASA deposits during the quarter stood at Rs 1,98,250 crore, up 6.2% from Rs 1,86,676 crore a year ago, and up 3.3% from Rs 1,91,995 crore in the previous quarter.
Post the company’s Q2 update, domestic brokerage firm ICICI Securities maintained a ‘buy’ rating on the stock, stating that it expects the bank to report strong results.
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