How Are Private Sector Lenders Performing Ahead of Q2 Results?
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Synopsis
As private banks gear up for Q2 FY26 earnings, HDFC Bank, IDBI Bank, and Kotak Mahindra Bank reveal impressive growth in net advances and deposits. Discover how these financial giants are performing and what it means for the banking sector.
Key Takeaways
- Kotak Mahindra Bank saw a 15.8% growth in net advances YoY.
- HDFC Bank reported a 9.9% YoY increase in total advances.
- IDBI Bank's total business rose by 12% YoY.
- Deposits for HDFC Bank grew by 12.1% YoY.
- Kotak's total deposits reached Rs 5.28 lakh crore.
New Delhi, Oct 4 (NationPress) As the second quarter earnings reports (Q2 FY26) approach, private sector banks like HDFC Bank, IDBI Bank, and Kotak Mahindra Bank have announced an uptick in their net advances based on provisional estimates. In its disclosure, Kotak Mahindra Bank reported a year-on-year (YoY) increase in net advances of 15.8%, reaching Rs 4.62 lakh crore for the July-September quarter, with a sequential rise of 4% to Rs 4.44 lakh crore.
The total deposits for Kotak Bank stood at Rs 5.28 lakh crore, reflecting a 14.6% increase from Rs 4.61 lakh crore a year earlier. The bank's previous quarter deposits were reported at Rs 5.12 lakh crore, marking a sequential rise of 3.1%.
HDFC Bank, the largest private bank in India, noted a 9.9% YoY growth in total advances, amounting to Rs 27.69 lakh crore this quarter. Furthermore, HDFC Bank's deposits increased by 12.1% YoY to Rs 28.01 lakh crore, with current account and savings account deposits growing 7.4% to Rs 9.49 lakh crore.
Last year, the total advances for the same quarter were recorded at Rs 25.19 lakh crore. For the quarter ending June 30, the bank had reported gross advances of Rs 26.53 lakh crore and period-end deposits totaling Rs 27.64 lakh crore.
IDBI Bank also reported a significant growth, with total business rising by 12% YoY in the September quarter of FY26, reaching Rs 5.33 lakh crore, up from Rs 4.78 lakh crore last year. The bank's total deposits saw a 9% YoY increase to Rs 3.03 lakh crore, and net advances expanded by 15% YoY to Rs 2.30 lakh crore.
IDBI Bank's CASA deposits reached Rs 1.39 lakh crore, which is a 4% increase from Rs 1.33 lakh crore a year prior.
Point of View
The growth of private sector banks like HDFC Bank, IDBI Bank, and Kotak Mahindra Bank highlights the resilience and strengthening of the Indian banking sector. These figures not only reflect individual bank performance but also indicate a broader economic recovery, instilling confidence among consumers and investors.
NationPress
04/10/2025
Frequently Asked Questions
What is the growth percentage of Kotak Mahindra Bank's net advances?
Kotak Mahindra Bank's net advances increased by 15.8% year-on-year.
How much did HDFC Bank's total deposits grow?
HDFC Bank's total deposits rose by 12.1% year-on-year.
What is IDBI Bank's total business growth for Q2 FY26?
IDBI Bank's total business grew by 12% year-on-year.
What were the net advances of IDBI Bank?
IDBI Bank's net advances expanded by 15% year-on-year to Rs 2.30 lakh crore.
How did the CASA deposits of IDBI Bank perform?
IDBI Bank's CASA deposits stood at Rs 1.39 lakh crore, up 4% from last year.
