YES Bank has posted 11.6 per cent year-on-year (YoY) growth in the loan and advances to Rs 1.92 trillion in the Q2 FY23. Sequentially, its loan rose by 3.5 five per cent and crossed Rs 1.86 trillion on September 30, 2022. This growth, according to the Bank, reflects steady pre-festive demand.

On the other hand, IndusInd Bank registered an 18 per cent YoY growth at Rs 2.59 trillion in the Q2 FY23. Sequentially, its loan increased by five per cent to over Rs 2.47 trillion as of September 30, 2022.

Reserve Bank of India (RBI) ‘s data shows that the banking system has reported a strong credit offtake at 16.2 per cent YoY till September 09, 2022, up from 6.7 per cent a year ago. The growth has been in retail, industry, services and agriculture ahead of the festive season and the beginning of the busy season in October 2022.
Reportedly, YES Bank’s deposit pool expanded by 13.2 per cent YoY to Rs 2 trillion at the end of September 2022. They grew by 3.5 per cent over Rs 1.93 trillion in June 2022.

The share of low-cost money (CASA- Current Account and Savings Account) in deposits was 31.3 per cent as of September 30, 2022, up from 30.3 per cent a year ago. It moderated marginally from 30.6 per cent as of June 30, 2022.

IndusInd Bank’s deposits increased by 15 per cent YoY to Rs 3.15 trillion at the end of September. They grew by 4 per cent over Rs 3.03 trillion in June 2022. The share of CASA in deposits for IndusInd Bank increased marginally to 42.4 per cent as of September 30, 2022, from 42.1 per cent a year ago. It, however, moderated from 43.2 per cent as of June 30, 2022.