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Bank Shares Soar Up to 5% on Strong Q2 Business Updates
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Moneycontrol•05-10-2026, 13:14
Bank Shares Soar Up to 5% on Strong Q2 Business Updates
- •Shares of AU SFB, Bank of Baroda, YES Bank, and Suryoday SFB surged by up to 5% following the release of robust provisional Q2 business updates.
- •AU Small Finance Bank reported a 27.9% year-on-year growth in gross advances and a 28.6% rise in deposits.
- •Bank of Baroda saw its domestic advances increase by 13.5% and domestic deposits by 17% year-on-year.
- •YES Bank's advances grew by 23.8% and deposits by 19.5% year-on-year, pushing its shares to a two-week high.
- •Suryoday Small Finance Bank experienced a 34.6% increase in advances and a 35% rise in deposits during the quarter.
Key Questions Answered
AU Small Finance Bank reported a 27.9% year-on-year growth in gross advances reaching Rs 1.5 lakh crore, while its deposits increased by 28.6% on year to Rs 1.7 lakh crore according to provisional data for the September quarter.
Bank of Baroda reported an 18.3% year-on-year rise in global advances to Rs 15.12 lakh crore, and its deposits rose 16.8% to INR 17.51 trillion as of September 30.
YES Bank's advances grew 23.8% year-on-year to Rs 3.1 lakh crore, and its deposits grew 19.5% to reach Rs 3.54 lakh crore, with its loans and advances growing at a faster pace than its deposits.
