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4 Banks Report Strong Q2 Growth: Deposits & Advances Soar Before Market Close
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CNBC Awaaz•01-10-2026, 15:51
4 Banks Report Strong Q2 Growth: Deposits & Advances Soar Before Market Close
- •Karnataka Bank, Dhanlaxmi Bank, Karur Vysya Bank, and Tamilnad Mercantile Bank released robust Q2 updates before market close.
- •All four banks demonstrated strong year-on-year growth in both deposits and advances during the September quarter.
- •Karnataka Bank saw deposits up 12% and gross advances up 25% year-on-year.
- •Dhanlaxmi Bank's total deposits increased by 20.2% to –20,552 crore, with gross advances up 22.3% to –15,948 crore.
- •Karur Vysya Bank's total business grew 18% to –2.39 lakh crore, while Tamilnad Mercantile's total business surged 27.3% to –1.30 lakh crore.
Key Questions Answered
According to Karnataka Bank's Q2 update, the bank's deposits increased by 12% year-on-year, while its gross advances registered a 25% year-on-year increase.
Dhanlaxmi Bank's total deposits increased by 20.2% year-on-year to stand at ₹20,552 crore, while gross advances increased by 22.3% to reach ₹15,948 crore.
Tamilnad Mercantile Bank recorded a total business increase of 27.3% year-on-year and 7% quarter-on-quarter, bringing its total business to ₹1.30 lakh crore.
