On the asset side, net advances declined sharply by 8.7 per cent year-on-year to ₹3,15,154 crore compared to ₹3,45,019 crore a year ago, pointing to continued pressure on credit growth and a cautious lending approach
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ANUSHREE FADNAVIS
Total deposits stood at ₹4,00,178 crore as of March 31, 2026, down 2.6 per cent year-on-year from ₹4,10,862 crore, reflecting moderation in liability growth amid a competitive environment. However, deposits rose 1.6 per cent sequentially, indicating some recovery in the March quarter.
On the asset side, net advances declined sharply by 8.7 per cent year-on-year to ₹3,15,154 crore compared to ₹3,45,019 crore a year ago, pointing to continued pressure on credit growth and a cautious lending approach. On a quarter-on-quarter basis, advances fell 0.8 per cent.
The bank’s CASA ratio stood at 31.3 per cent at the end of Q4, lower than 32.8 per cent in the year-ago period, though it improved from 30.2 per cent in the preceding quarter, suggesting some traction in low-cost deposit mobilisation sequentially.
Overall, the provisional business update highlights a divergence in performance, with modest improvement in deposit mobilisation on a sequential basis but continued contraction in the loan book on a year-on-year basis, reflecting a cautious stance amid ongoing challenges in the operating environment.
Published on April 5, 2026