According to reports from CNBC TV18, Karnataka Bank delivered robust growth in its September quarter business performance. The bank's gross advances grew 24.94% year-on-year to ₹92,014.58 crore in the quarter ended September 30, 2026, compared to ₹73,644.15 crore in the same period last year. On a quarterly basis, advances increased 6.24% from ₹86,610.21 crore at the end of June. The significant advance growth significantly outpaced deposit growth, demonstrating the bank's successful business expansion strategy.
As reported by CNBC TV18, deposits rose 11.98% year-on-year to ₹1.15 lakh crore, up from ₹1,02,817.19 crore a year earlier. On a quarterly basis, deposits increased 4.30% from ₹1,10,396.41 crore in the June quarter. The bank's current account and savings account (CASA) deposits showed strong performance, increasing 14.88% year-on-year to ₹36,626.38 crore from ₹31,881.95 crore. CASA deposits also grew 2.34% from ₹35,787.30 crore in the June quarter. The CASA ratio improved to 31.81% from 31.01% a year earlier, representing an increase of 80 basis points, though it declined from 32.42% at the end of June.
According to CNBC TV18, Karnataka Bank shares closed at ₹323.90 on the NSE on Thursday, down ₹5.10, or 1.55%. The bank has clarified that the business figures are provisional and subject to a limited review by its statutory auditors. The bank will publish its financial statements and the limited review report in due course. The faster growth in advances compared with deposits was visible on both a yearly and quarterly basis, indicating the bank's focus on business expansion and lending growth.
