PNB, Union & IDFC Bank see credit outpace deposit growth

MUMBAI: Credit growth continued to outpace deposit mobilisation for Punjab National Bank, Union Bank of India and IDFC FIRST Bank at the end of the March quarter, reflecting sustained loan demand in a tight liquidity environment.

Punjab National Bank reported global advances of Rs 12,61,420 crore as of March 31, 2026, up nearly 13% year-onyear, while global deposits rose 9.3% to Rs 17,11,476 crore. The bank’s total global business stood at Rs 29,72,896 crore, reflecting a 10.8% increase. Domestic advances grew 12.2% to Rs 11,95,811 crore and domestic deposits rose 9.2% to Rs 16,49,409 crore. The global credit-deposit ratio stood at 73.7% at the end of the quarter.

Union Bank of India reported global advances of Rs 10,78,779 crore, marking a 9.8% year-on-year increase, while global deposits rose 2.7% to Rs 13,06,900 crore. Total global business stood at Rs 23,85,679 crore, up 5.8%. Growth was led by the retail, agriculture and MSME segments, where advances rose 12.6% to Rs 5,98,620 crore. Domestic CASA deposits increased 7.9% to Rs 4,59,988 crore, with the CASA ratio improving to 35.2%.



IDFC FIRST Bank reported loans and advances of Rs 2,90,362 crore at the end of March, up 20% year-on-year, while customer deposits rose 17.2% to Rs 2,84,327 crore. The bank’s CASA ratio improved to 49.8% from 46.9% a year earlier. It said customer acquisition remained stable through March despite year-end tax outflows and tight system liquidity. It said asset quality stress in its microfinance portfolio has normalised, supporting further credit growth.
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