Synopsis: Banking stocks, including HDFC Bank, Axis Bank, Kotak Mahindra Bank, RBL Bank, and Karur Vysya Bank, reported Q1 FY27 updates showing healthy loan and deposit growth, steady credit demand, and mixed CASA trends, indicating overall balanced balance-sheet expansion and supportive early signals for the upcoming earnings season.
Banking stocks such as HDFC Bank, Axis Bank, Kotak Bank, and others have come into focus after their Q1 business updates, which provided early signals on loan growth, deposit trends, and overall credit demand. Investors are closely tracking these numbers as they often set the tone for sector performance in the upcoming earnings season.
The updates have sparked interest in the broader banking space, with market participants evaluating how well banks are balancing credit expansion with asset quality. Strong or steady business growth in the first quarter is generally seen as a positive indicator for earnings momentum, keeping these stocks active in trading sessions. Here is the list of stocks to look out for:
HDFC Bank Ltd
HDFC Bank has shown strong year-on-year growth as of the quarter ended June 30, 2026. Average advances under management stood at Rs. 30,386 billion, up 10.8% YoY, while period-end advances were Rs. 31,270 billion, reflecting a 12.4% increase. Gross advances also grew 15.4% to Rs. 30,610 billion. On the deposits side, average deposits rose 13.3% to Rs. 30,114 billion, with CASA deposits at Rs. 9,570 billion and time deposits at Rs. 20,544 billion, both showing healthy growth.
As of June 30, 2026, period-end deposits stood at Rs. 31,705 billion, up 14.7% year-on-year, with CASA deposits at Rs. 10,255 billion (up 9.4%) and time deposits at Rs. 21,450 billion (up 17.4%). The Bank noted that these figures are subject to limited review by statutory auditors, and the disclosure is made in compliance with regulatory requirements to ensure transparency with all stakeholders.
Axis Bank Ltd
Axis Bank Ltd has shown its key provisional business figures as of June 30, 2026. Gross advances stood at Rs. 12,729 billion, reflecting a YoY growth of 18.8% and a QoQ growth of 2.3%. Total deposits were Rs. 13,729 billion, up 18.2% YoY and 2.8% QoQ. Within deposits, CASA balances stood at Rs. 5,217 billion (up 11.4% YoY, though down 1.4% QoQ), while term deposits rose strongly to Rs. 8,512 billion, up 22.8% YoY and 5.5% QoQ.
On a quarterly average basis, total deposits were Rs. 13,048 billion, growing 18.1% YoY and 6.4% QoQ, with CASA at Rs. 4,814 billion and term deposits at Rs. 8,234 billion, both showing healthy growth trends.
Kotak Mahindra Bank Ltd
Kotak Mahindra Bank has provided an update on its deposits and advances for the quarter ended June 30, 2026. Net Advances (EOP) stood at Rs. 5,12,171 crore, reflecting a YoY growth of 15.1% and QoQ growth of 3.2%, while average net advances increased to Rs. 4,94,854 crore, up 15.0% YoY and 2.7% QoQ.
On the liabilities side, CASA (EOP) was Rs. 2,31,019 crore, showing a YoY increase of 10.2% but a QoQ decline of 6.7%, while total deposits (EOP) stood at Rs. 5,72,822 crore, up 11.7% YoY and broadly flat QoQ at 0.1%. Average CASA and total deposits grew 13.0% and 13.6% YoY, respectively.
Utkarsh Small Finance Bank Ltd
Utkarsh Small Finance Bank has provided its business updates for the quarter ended June 30, 2026 (Q1 FY27). Total disbursements stood at Rs. 3,370 crore, up 48.5% YoY but lower by 19.9% QoQ. JLG disbursements grew 4.5% YoY, while non-JLG disbursements rose sharply by 92.9% YoY. Gross loan portfolio increased to Rs. 19,612 crore, up 2.0% YoY and 1.4% QoQ, with non-JLG portfolio growing 32.7% YoY, while JLG portfolio declined 36.1% YoY.
On the liability side, total deposits stood at Rs. 22,053 crore, up 2.6% YoY and 1.8% QoQ. CASA deposits rose 15.1% YoY but declined 6.3% QoQ, while retail term deposits increased 14.7% YoY. Bulk term deposits declined 32.1% YoY but were marginally higher QoQ. CASA ratio improved to 22.1% from 19.7% YoY, and CASA plus retail term deposits ratio stood at 82.8%, indicating a strong retail franchise and stable deposit mix.
RBL Bank Ltd
RBL Bank has provided its financial update for the quarter ended June 30, 2026. Total deposits stood at Rs. 124,813 crore, up 11% YoY but down 10% QoQ. Deposits below Rs. 3 crore increased 13% YoY, while CASA remained broadly flat YoY at Rs. 36,462 crore but declined 22% QoQ, resulting in a CASA ratio of 29.2%. Gross advances grew 21% YoY and 2% QoQ to Rs. 117,344 crore, with a liquidity coverage ratio at 133%.
On the business front, secured retail advances grew 18% YoY, while wholesale advances increased 37% YoY and 10% QoQ, including 34% YoY growth in commercial banking advances, and the retail and wholesale mix stood at 55:45.’
Karur Vysya Bank Ltd
Karur Vysya Bank has provided its business update as of June 30, 2026 (provisional, subject to limited review by statutory auditors). Total business stood at Rs. 2,27,265 crore, registering a YoY growth of 15.94% and QoQ growth of 5.99%.
Advances rose to Rs. 1,04,678 crore, up 17.12% YoY and 6% QoQ, while total deposits increased to Rs. 1,22,587 crore, reflecting a 14.94% YoY and 5.98% QoQ growth. CASA also grew to Rs. 33,777 crore, up 15.26% YoY and 8.53% QoQ, indicating healthy overall balance sheet expansion.
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