Eight banks react to their Q1 business updates on Thursday

Eight banks react to their Q1 business updates on Thursday


Shares of eight lenders — Canara Bank, Karnataka Bank, South Indian Bank, Punjab & Sind Bank, Indian Bank, Jammu & Kashmir Bank, Dhanlaxmi Bank and Tamilnad Mercantile Bank — will be in focus on Thursday, July 2, after they released their provisional business updates for the quarter ended June 30, 2026, after market hours on Wednesday.

Canara Bank

Canara Bank reported steady growth across key business segments during the June quarter, with its global business crossing the ₹29 lakh crore milestone.

According to the bank’s provisional filing, global business stood at ₹29.06 lakh crore as of June 30, 2026, up 3.6% from the March quarter and 14.4% higher than a year earlier.

Global deposits rose to ₹16.13 lakh crore, increasing 2.8% sequentially and 11.7% year-on-year. Domestic deposits climbed to ₹14.73 lakh crore, registering a 2.5% quarter-on-quarter rise and a 10.1% increase from the year-ago period.

Global advances stood at ₹12.93 lakh crore at the end of the quarter, reflecting a 4.5% sequential increase.

Dhanlaxmi Bank

Dhanlaxmi Bank reported strong business growth for the June quarter, with total business rising 21.1% year-on-year to ₹35,188 crore.

Total deposits increased 17.1% to ₹19,403 crore, while CASA deposits grew 19.6% to ₹5,589 crore. Gross advances rose 26.5% from a year ago to ₹15,785 crore.

Indian Bank

Indian Bank reported a 13.9% year-on-year increase in advances to ₹6.85 lakh crore for the June quarter. Deposits also recorded healthy growth, rising 13.3% from a year earlier to ₹8.43 lakh crore.

Karnataka Bank

Advances growth remained strong, while deposit growth lagged and CASA ratio softened.

South Indian Bank

Loan growth outpaced deposit growth, while the CASA ratio improved sequentially.

Punjab & Sind Bank

Advances growth remained robust, while deposit growth stayed relatively moderate.

Jammu & Kashmir Bank

Jammu & Kashmir Bank’s total business crossed the ₹3 lakh crore mark during the June quarter, growing 20.4% year-on-year to ₹3.04 lakh crore.

Total deposits rose 16.8% to ₹1.73 lakh crore, while gross advances jumped 25.5% to ₹1.31 lakh crore. CASA deposits increased 7.5% to ₹72,979 crore, although the CASA ratio declined to 42.08% from 45.71% a year ago. Gross investments edged up 0.9% year-on-year to ₹43,706 crore. The figures are provisional as of June 30, 2026.

Tamilnad Mercantile Bank

Tamilnad Mercantile Bank reported healthy growth across key business parameters during the June quarter, driven by strong loan growth.

The lender’s total business rose 23% year-on-year to ₹1.22 lakh crore, while gross advances increased 27% to ₹57,306 crore. Total deposits grew 19.7% to ₹64,409 crore.

On a sequential basis, total business expanded 5.8%, with advances rising 7.4% and deposits increasing 4.4%. CASA deposits stood at ₹16,852 crore, up 16.9% year-on-year but 3% lower compared with the previous quarter. The numbers are provisional and subject to a limited review by the bank’s statutory auditors.



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