Indian banks reported their financial results for the first quarter of fiscal year 2026, showing varied growth across deposits, advances, and business volumes. HDFC Bank posted a 16.2% year-on-year increase in deposits to ₹27.64 trillion, outpacing loan growth which rose 6.7%, with a CASA deposit increase of 6.1%. Punjab National Bank's gross business rose 11.6% year-on-year to ₹27.19 lakh crore, with domestic deposits up 12.2%. Bank of Baroda reported a 10.7% rise in global business to ₹27.43 lakh crore, with global advances up 12.6% and domestic deposits increasing 8.1%. UCO Bank's total business grew 13.7% year-on-year to ₹5.24 lakh crore, with advances up 16.6% and deposits up 11.6%. CSB Bank saw a 20% increase in total deposits to ₹35,990 crore and a 32% rise in gross advances to ₹33,142 crore. Punjab & Sind Bank's total business increased 10.9% to ₹2.31 lakh crore, with deposits up 8.8% and gross advances up 13.9%. Bandhan Bank's loans and advances grew 6.4% year-on-year to ₹1.33 lakh crore, with total deposits rising 16.1%. RBL Bank reported an 11% increase in total deposits to ₹1.12 lakh crore and a 9% rise in gross advances to ₹96,704 crore. Suryoday Small Finance Bank posted a 20% year-on-year increase in gross advances to ₹10,846 crore and a 39% rise in total deposits to ₹11,312 crore. Ujjivan Small Finance Bank's deposits rose 18.8% year-on-year to ₹38,612 crore, with gross loans up 10.7%. IndusInd Bank experienced a decline in net advances by 3.9% year-on-year to ₹3.34 lakh crore and a slight decrease in deposits by 0.3%. Bank of Maharashtra reported a 14.08% increase in deposits to ₹3.05 lakh crore and a 15.36% rise in gross advances to ₹2.41 lakh crore, with net profit at ₹1,593 crore, up from ₹1,293 crore year-on-year. ICICI Lombard posted a 28.7% increase in net profit to ₹747 crore and a 14% rise in net premium earned. HDFC Life reported a 14% increase in net profit to ₹546 crore and a 12.7% rise in value of new business to ₹809 crore. HDB Financial Services saw a 2.4% decline in net profit to ₹568 crore despite a 15% revenue increase. Overall, the banking sector exhibited steady growth in deposits and advances, with some banks reporting declines in specific segments such as IndusInd Bank's advances and CASA deposits in certain institutions.
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