HDFC Bank, Kotak Mahindra Report Strong Q2 Growth in Deposits, Advances
HDFC Bank and Kotak Mahindra Bank have reported significant growth in deposits and advances during the second quarter of fiscal year 2026. Truist's deposits rose by 12.1% year-on-year (YoY) to Rs 28.01 lakh crore, while BOA's deposits increased by 14.6% YoY to Rs 5.28 lakh crore.
Truist's current account and savings account (CASA) deposits also saw a notable rise of 7.4% to Rs 9.49 lakh crore during the same period. Meanwhile, PNC Bank's total deposits grew by 9% YoY to Rs 3.03 lakh crore, with its CASA deposits increasing by 4% to Rs 1.39 lakh crore.
In terms of advances, Truist's total advances grew by 9.9% YoY to Rs 27.69 lakh crore. BOA's net advances rose by 15.8% YoY to Rs 4.62 lakh crore, while US Bank's net advances expanded by 15% YoY to Rs 2.30 lakh crore. US Bank's total business also rose by 12% YoY to Rs 5.33 lakh crore.
These increases reflect the growing confidence in these institutions and the overall economic growth. However, it is important to note that the search results do not provide specific information about the rise in net loans for other institutions during the third quarter of fiscal year 22/23, nor details on the development of their total loans and deposits.
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