Karnataka Bank on Wednesday, July 1, reported a 16.59% year-on-year (YoY) increase in gross advances to ₹86,590.11 crore as of June 30, 2026, according to its provisional business update filed with the exchanges.
Total deposits rose 6.94% YoY to ₹1,10,411.54 crore, while CASA (Current Account and Savings Account) deposits increased 12.46% YoY to ₹35,802.48 crore. The share of CASA in total deposits improved by 159 basis points YoY to 32.43% from 30.84% a year earlier.
On a sequential basis, the bank's gross advances rose 3.9%, and deposits increased 1.5%, while CASA deposits declined 2.07% and the CASA ratio slipped 118 basis points from 33.61% as of March 31, 2026.
| Particulars30.06.202530.06.2026 (Provisional)YoY%31.03.2026QoQ% | |||
| CASA31,835.2635,802.4812.46%36,559.66-2.07% | Deposits103,242.17110,411.546.94%108,778.751.50% | Share of CASA to Total Deposits (%)30.84%32.43%159 bps33.61%-118 bps | Gross Advances74,267.0286,590.1116.59%83,339.923.90% |
The bank said the business figures are provisional and subject to a limited review by its statutory auditors.
Earlier, the bank had reported positive growth across key business metrics in its fourth-quarter update on Wednesday, April 1.
At the time, its total deposits grew 3.8% from a year earlier and 4.5% quarter-on-quarter to ₹1.08 lakh crore, while gross advances increased 6.9% YoY and 7.8% QoQ to ₹83,337 crore.
The bank had reported a strong set of fourth-quarter earnings on May 19, supported by higher net interest income, improving margins and a sharp reduction in bad loans.
Net profit for the March quarter rose 61.7% year-on-year to ₹408 crore from ₹252.4 crore. Profit also improved 40% sequentially from ₹290.79 crore reported in the December quarter.
Net interest income (NII) increased 8% year-on-year to ₹843 crore from ₹780.7 crore.
The bank’s asset quality improved significantly during the quarter. Gross non-performing assets (GNPA) declined to 2.78% from 3.32% in the previous quarter, while net NPA fell to 0.98% from 1.31%.
Shares of Karnataka Bank ended 0.18% lower at ₹272.90 on the NSE on Wednesday, July 1.