Domestic advances of Punjab National Bank increased 10.7% on year to Rs 11.19 lakh crore, while domestic deposits rose 10.4% to Rs 15.63 lakh crore as on September 30, according to the provisional figures released by the bank on Friday. On a sequential basis, the credit growth was higher compared to the deposit growth.
PNB leads PSU peers, Union Bank sees retail surge
Global advances rose 10.3% on year and global deposits were up 10.9%.
Union Bank of India’s domestic advances grew merely 0.43% on quarter, and deposits fell 0.44% during the same period. On a year-on-year basis, domestic advances were up 5.34% to Rs 9.42 lakh crore while domestic deposits rose merely 1.89% to Rs 12.34 lakh crore.
Private lenders maintain momentum
The total domestic retail term deposits of Union Bank grew 14.10% on year as of September 30. Domestic retail advances rose sharply at 23.96%. Domestic retail, agriculture and MSME (RAM) advances grew 9.26% as on September 30.
Loans and advances for YES Bank rose 6.5% on year to Rs 2.50 lakh crore, while deposits rose 7.1% on year to 2.97 lakh crore. The CASA ratio improved to 33.8% from 32.8% a quarter ago.
Tamilnad Mercantile Bank saw higher year-on-year growth in deposits as compared to advances in the reporting quarter. Total advances of the bank rose 10.5% on year to Rs 46,996 crore as on September 30. Deposits were up 12.32% on year to Rs 55,421 crore, with the CASA deposits growing 9.30% on year to Rs 15,163 crore.