Major Banks Lag in Q3FY26 Loan Growth; IndusInd, YES Bank Struggle
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Moneycontrol•06-01-2026, 17:13
Major Banks Lag in Q3FY26 Loan Growth; IndusInd, YES Bank Struggle
- •YES Bank, IndusInd, Kotak, and Utkarsh SFB reported weak loan growth in Q3FY26, with IndusInd and Utkarsh SFB seeing contraction.
- •IndusInd Bank and Utkarsh SFB also experienced deposit contractions of 3.8% and 1.7% respectively.
- •ICICI Bank led large private lenders with 17.26% loan growth; HDFC Bank and Axis Bank also showed strong advances and deposit growth.
- •Credit growth in the banking system remains double-digit, boosted by GST rationalization and the festive season.
- •An ICRA report indicates a turnaround in credit momentum, as borrowers shift from corporate bonds to bank financing.
Why It Matters: Several key banks lagged in Q3FY26 loan and deposit growth, while others like ICICI and HDFC excelled.
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