In the second quarter, several Indian banks reported that credit growth outpaced deposit growth significantly. Canara Bank experienced a credit growth of 19.4% compared to a 13.1% increase in deposits. Similarly, Indian Bank showed a credit growth of 16.6%, while deposits grew only by 12.4%. This trend was seen across most banks, though South Indian Bank was an exception.
Credit growth outpaced deposit growth in the second quarter for most banks that released provisional business data on Thursday.
From large lenders such as Canara Bank and Indian Bank to smaller ones such as Capital Small Finance Bank, the trend remained the same, with South Indian Bank being an exception.
Canara Bank reported 19.4% year-on-year credit growth to ₹13.74 lakh crore at the end of September, while deposits grew 13.1% to ₹16.97 lakh crore. Indian Bank’s credit outstanding grew 16.6% to ₹7.23 lakh crore, while deposit growth stood at 12.4% at ₹8.73 lakh crore. Deposit growth lagged for a majority of these banks despite massive inflows into foreign currency non-resident bank (FCNR-B) deposits, as banks used this cushion to shed high-cost bulk deposits.
Bank wise business updates:
| Bank | Credit outstanding (₹ lakh crore) | Credit growth (%) | Deposit outstanding (₹ lakh crore) | Deposit growth (%) |
| Canara Bank | 13.74 | 19.4 | 16.97 | 13.1 |
| Indian Bank | 7.23 | 16.6 | 8.73 | 12.4 |
| Punjab & Sind Bank | 1.26 | 19.4 | 1.53 | 13.0 |
| Karnataka Bank | 0.92 | 24.9 | 1.15 | 12.0 |
| South Indian Bank | 1.10 | 18.7 | 1.37 | 18.7 |
| Tamilnad Mercantile Bank | 0.61 | 29.4 | 0.70 | 25.5 |
| Dhanlaxmi Bank | 0.16 | 22.3 | 0.21 | 20.2 |
| Capital Small Finance Bank | 0.10 | 23.4 | 0.11 | 16.2 |
| # | Наименование новости | Тональность | Информативность | Дата публикации |
|---|---|---|---|---|
| 1 | High bank credit growth is being led by loans to industry | 0 | 13.81 | 29-09-2026 |
| 2 | Credit card dues, consumer durable loans slow as gold loans surge; RBI data shows shift to secured borrowing | 0 | 5.02 | 01-10-2026 |
| 3 | Bank deposit rates fall as fresh lending rates rise in August | 0 | 6.66 | 30-09-2026 |
| 4 | Share of insured bank deposits slips below 40% in value terms in FY26 | 0 | 24.39 | 08-08-2026 |
| 5 | RBI rate hike, FCNR(B) inflows set to boost bank margins and profitability | 0 | 8.99 | 01-10-2026 |
| 6 | Средние ставки по вкладам в банках выросли после сохранения уровня ключевой | 0 | 8.19 | 30-09-2026 |
| 7 | Выдачи POS-кредитов в августе выросли более чем на 7% | 0 | 24.7 | 25-09-2026 |
| 8 | RBI asks banks to tackle repeat customer complaints, fix gaps in grievance systems | 0 | 10.09 | 01-10-2026 |
| 9 | Top five States account for 54% of Jan Dhan beneficiaries; SBI leads in accounts | 0 | 11.58 | 08-08-2026 |
| 10 | IndusInd Bank eyes India’s 2,117 GCCs with new banking vertical | 0 | 9.09 | 28-09-2026 |