Business news · Corporate · 06 Oct 2026
State-owned banks published provisional September-quarter numbers. Bank of Baroda's global advances rose 18.27% from a year earlier to Rs 15.12 lakh crore and deposits 17% to Rs 17.51 lakh crore. Canara Bank's global loan book grew 19.35% to Rs 13.73 lakh crore. Bank of India's domestic loans rose 17.7% to Rs 7.03 lakh crore while domestic deposits climbed 23.3% to Rs 9 lakh crore. Bandhan Bank's loans grew 13.1% to Rs 1.58 lakh crore, with deposits up 9.2% and CASA deposits up only 4.3%.
These are the first hard numbers for the quarter from public-sector lenders and they match the acceleration private banks reported a day earlier. For bank earnings the open question is margins: loan growth of 17-19% has to be funded, and Bandhan's 4.3% CASA growth shows cheap deposits are harder to gather. Retail, farm and MSME books are growing fastest (Canara's rose 21%, Bank of Baroda's retail 19%), the segments most directly repriced by today's RBI decision. Full results with profit and asset quality come later in October.
Reported by Upstox — “Q2 Business Update: Banks Report Healthy Loan Growth; Nykaa, DMart Post Strong Revenue Growth” ↗ on 06 Oct 2026.
NSE stocks, from the last close on or before 06 Oct 2026 to the close on 16 Oct 2026.
| Sector | Stocks | Median move | Up | vs all stocks |
|---|---|---|---|---|
| Financial Services | 125 | -0.0% | 62 of 125 | +1.4 pts |
| All tracked stocks | 804 | -1.4% | 284 of 804 | — |
| Company | Then | Now | Move |
|---|---|---|---|
| Bandhan Bank Ltd. BANDHANBNK | ₹164.15 | ₹167.5 | +2.0% |
| Bank of Baroda BANKBARODA | ₹232.73 | ₹230.4 | -1.0% |
| Bank of India BANKINDIA | ₹132.16 | ₹132.36 | +0.2% |
| Canara Bank CANBK | ₹117.82 | ₹118.29 | +0.4% |
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