Stock Report

Karnataka Bank Reports 16.59% YoY Growth in Gross Advances; Deposits Cross ₹1.10 Lakh Crore

Posted On : 2026-07-01 20:54:54( TIMEZONE : IST )

Private sector lender Karnataka Bank Limited has announced its provisional key business parameters for the first quarter ended June 30, 2026. The financial disclosure highlights steady double-digit year-on-year (YoY) credit expansion alongside a continuous upward trajectory in its aggregate deposit base. The reported metrics remain subject to a limited review by the bank's statutory auditors.

Robust Expansion in Gross Advances

The bank witnessed strong momentum in its lending business during the opening quarter of the financial year 2026-27. Gross advances climbed to ₹86,590.11 Crore as of June 30, 2026, registering a robust year-on-year growth of 16.59% compared to the ₹74,267.02 Crore recorded in the corresponding quarter of the previous fiscal year. On a sequential quarter-on-quarter (QoQ) basis, credit dispatches advanced by 3.90% over the ₹83,339.92 Crore logged at the close of the previous quarter on March 31, 2026.

Balance Sheet Liability and Deposit Mobilization

Karnataka Bank's resource mobilization remained healthy, with total aggregate deposits crossing a key milestone.

Total Deposits: Aggregate deposits grew by 6.94% on a yearly basis, scaling up to ₹110,411.54 Crore as of June 30, 2026, against ₹103,242.17 Crore reported by the same point last year. Sequentially, total deposits scaled up 1.50% from the March 2026 baseline of ₹108,778.75 Crore.

CASA Portfolio: Low-cost Current Account Savings Account (CASA) deposits registered solid double-digit yearly traction, growing 12.46% to touch ₹35,802.48 Crore compared to ₹31,835.26 Crore as of June 30, 2025. Sequentially, the CASA book saw a seasonal compression of 2.07% against the ₹36,559.66 Crore reported on March 31, 2026.

CASA Ratio: Reflecting improved deposit premiumization over the long term, the share of CASA to total deposits improved by 159 basis points (bps) year-on-year to reach 32.43%, up from 30.84% in June 2025. On a quarter-on-quarter basis, the ratio adjusted downward by 118 bps from the 33.61% managed at the fiscal year-end.

Shares of The Karnataka Bank Limited was last trading in BSE at Rs. 273.90 as compared to the previous close of Rs. 273.40. The total number of shares traded during the day was 101058 in over 3101 trades.

The stock hit an intraday high of Rs. 276.90 and intraday low of 270.45. The net turnover during the day was Rs. 27709645.00.