The bank flagged a ₹34,390 crore influx of Foreign Currency Non-Resident (FCNR) deposits, with its International Banking Unit extending ₹24,885 crore of leverage to NRI clients— a move that immediately lifted liquidity on the balance sheet—
Gross advances, inclusive of FCNR, reached ₹3,38,749 crore, up 13.7% quarter‑on‑quarter and a striking 29.9% year‑on‑year, eclipsing the 5.4% QoQ rise seen in loans alone. The figure omits credit‑substitute instruments, underscoring the core credit expansion.
When FCNRs are folded into the overall deposit base, total deposits hit ₹3,48,582 crore, marking an 11.8% QoQ increase and 25.9% YoY growth. Customer deposits, including FCNR, climbed to ₹3,41,414 crore, up 14% QoQ and 26.9% YoY, while the CASA ratio settled at 47.6% at the bank‑wide level against 51.3% at the core tier.
Liquidity metrics show a healthy cushion: the Liquidity Coverage Ratio stood at 125% for the quarter, up from 116% in Q1, signalling robust short‑term liquidity. Asset quality remained steady, with no uptick in non‑performing assets reported. The stock closed 2.34% higher at ₹82.20 on the BSE, reflecting investor confidence amid the liquidity narrative.
Looking ahead, the bank has not issued explicit guidance, but it is poised to manage the excess liquidity by curbing deposit growth and trimming certificates of deposit. Analysts will watch for a rebound in deposit momentum as FCNR outflows normalize and expect the bank to maintain its loan‑growth trajectory in FY27.