Bank of India’s domestic gross advances are expected to rise nearly 14.6% on year to Rs 5.9 lakh crore as on September 30, with domestic deposits rising 8.5% on year, according to the provisional figures released by the bank on Monday showed.
Within domestic deposits, retail deposits are expected to rise by 14.15% on year to Rs 3.45 lakh crore. The global business is seen rising 11.8% on year, with global deposits rising 10.08% and global advances rising higher at 13.94% on year.
Jammu & Kashmir Bank and Bank of Maharashtra too announced their provisional figures for the quarter ended September 30.
How much did Jammu and Kashmir Bank’s business grow?
Gross advances of Jammu and Kashmir Bank rose 8.77% on year, however the growth in deposits was higher at 10.2%, the data showed. Total business was up 9.9% on year to Rs 2.57 lakh crore as on September 30. Within total deposits, the share of current account, savings account (CASA) deposits fell to 45.9% as on September 30 from 48.60% a year ago.
Bank of Maharashtra saw its global advances rising 16.9% on year to Rs 2.54 lakh crore and the total deposits rising 12.1% on year. Within total deposits, the share of CASA deposits inched up to 50.35% as on September 30 from 49.29% a year ago.
Within global advances, the retail book was up 37.4% on year while the corporate advances were up 16.6% on year. The credit-deposit ratio of the bank stood at 82.05% as on September 30.
How did the shares close?
On Monday, the shares of Bank of India closed 0.2% higher at Rs 125.81, while the shares of Jammu & Kashmir Bank closed 1.2% lower at Rs 104.18 on NSE. Shares of Bank of Maharashtra closed 1.08% higher at Rs 57.10 on NSE.