Commercial banks in India as a group posted 7.3 per cent (Y-o-Y) growth till the middle of December 2021, according to Reserve Bank of India (RBI) data.
Three small and medium-size private banks – CSB Bank, Karnataka Bank, and Federal Bank - posted credit growth between 4.9 – 12 per cent on a year-on-year (Y-o-Y) basis in the December quarter (Q3FY22).
Commercial banks in India as a group posted 7.3 per cent (Y-o-Y) growth till the middle of December 2021, according to Reserve Bank of India (RBI) data.
Federal Bank’s loan book grew by 12 per cent (Y-o-Y) to Rs 143,633 crore at end of December 2021 from Rs 1,28,180 crore a year ago. The Kochi-based bank’s advances were up 4.6 percent sequentially from Rs 1,37,313 crore at end of September 2021 (Q2FY22).
Federal bank deposits grew by 9 per cent Y-o-Y to Rs 1,75,432 crore in December 2021. Sequentially, its deposits rose by 2 per cent from Rs 1,71,997 crore at end of September 2021.
The lender's share of low cost deposits – current account and savings account (CASA) – rose to 36.68 percent in December 2021 from 34.48 per cent a year ago and 36.16 percent in September 2021.
As for Mangalore-based Karnataka Bank, its loans grew by 4.87 percent (Y-o-Y) to Rs 56,655.16 crore. Sequentially, loans rose by 1.89 per cent from Rs 55,601 crore in September 2021, it said in BSE filing.
Karnataka Bank’s deposits were up 6.27 per cent Y-o-Y at Rs 78,424 crore in December 2021 and sequentially 1.96 per cent from Rs 76,916 crore in September 2021. The share of CASA money rose to 31.31 per cent in December 2021 from 30.08 per cent a year ago and 30.89 per cent in September 2021.
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