Three Small and Mid-Size Banks Post 4.9-12% Credit Growth in December Quarter

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Three small and medium-sized private banks – CSB Bank, Karnataka Bank and Federal Bank – posted credit growth of 4.9 to 12 percent year-on-year in the December quarter (Q3FY22).

Indian commercial banks as a group posted 7.3% (year-on-year) growth through mid-December 2021, according to data from the Reserve Bank of India (RBI).

The Federal Bank’s loan portfolio increased 12% (year-on-year) to Rs 143,633 crore at the end of December 2021, from Rs 1,28,180 crore a year ago. Advances from the Kochi-based bank rose 4.6% sequentially from rupee 1,37,313 crore at the end of September 2021 (T2FY22).

Federal bank deposits increased 9% year-on-year to Rs.175,432 crore in December 2021. Subsequently, its deposits increased by 2% from Rs.1797 crore at the end of September. 2021.

The lender’s share of low-cost deposits – current account and savings account (CASA) – rose to 36.68% in December 2021, from 34.48% a year ago and 36.16% in September 2021.

As for Mangalore-based Karnataka Bank, its loans increased 4.87% (year-on-year) to Rs 56,655.16 crore. Sequentially, loans have increased 1.89% from 55,601 crore rupees in September 2021, he said in the BSE filing.

Karnataka Bank deposits increased 6.27% yoy to Rs 78,424 crore in December 2021 and sequentially by 1.96% from Rs 76,916 crore in September 2021. The share of money CASA rose to 31.31% in December 2021 from 30.08% a year ago and 30.89% in September 2021.

CSB Bank, a small Kerala-based lender, said its loan portfolio grew 11.55% year-on-year to Rs 14,827 crore at the end of the third quarter of the fiscal year22 and that it had slightly increased. increased from Rs 14,287 crore. Its deposits rose 7.34% year-on-year to Rs 19,056 crore and sequentially remained stable at Rs 19,055 crore in September 2021, according to the filing deposited with the ESB.

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