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Bank credit, deposits grow across lenders; BoB crosses ₹30 lakh crore milestone

Bank credit, deposits grow across lenders; BoB crosses ₹30 lakh crore milestone

by | Apr 4, 2026 | Business


HDFC Bank, India’s largest private sector bank, reported a 14.4 per cent year-on-year (yoy) growth in deposits and a 12 per cent yoy growth in gross advances.

As at March-end 2026, the Bank’s deposits and gross advances stood at ₹31,05,500 crore and ₹29,60,000 crore, respectively, per provisional numbers shared by the Bank in its regulatory filing.

The Bank’s low-cost current account, savings account (CASA) deposits were a tad lower at 34.14 per cent of overall deposits as at March-end 2026 against 34.79 per cent as at March-end 2025.

Bank of Baroda

Bank of Baroda’s (BoB) global business (deposits plus advances) crossed the Rs 30 lakh crore milestone for the first time. Global business was up 13.93 per cent yoy in Q4FY26 and stood at ₹30,78,854 crore as at March-end 2026.

The public sector bank clocked a 12 per cent yoy growth in global deposits and a 16.23 per cent yoy growth in global advances in Q4FY26 ended March 31, 2026.

As at March-end 2026, BoB’s global deposits and global advances stood at ₹16,48,650 crore and ₹14,30,204 crore, respectively, per provisional numbers shared by the Bank in its regulatory filing.

Within global deposits and global advances, domestic deposits and domestic advances were up 12.83 per cent (to ₹14,01,497 crore as at March-end 2026) and 14.56 per cent (to ₹11,69,804 crore), respectively.

Domestic retail advances increased by 17.93 per cent yoy to stand at ₹3,02,657 crore as at March-end 2026.

PNB

Punjab National Bank’s (PNB) global business (deposits plus advances) rose 10.79 per cent yoy in the fourth quarter (Q4FY26) and stood at ₹29,72,896 crore as at March-end 2026.

The public sector bank clocked a 9.25 per cent yoy growth in global deposits and a 12.97 per cent yoy growth in global advances in Q4FY26 ended March 31, 2026.

As at March-end 2026, PNB’s global deposits and global advances stood at ₹17,11,476 crore and ₹12,61,420 crore, respectively, per provisional numbers shared by the Bank in its regulatory filing.

Within global deposits and global advances, domestic deposits and domestic advances were up 9.14 per cent (to ₹16,49,409 crore as at March-end 2026) and 12.17 per cent (to ₹11,95,811 crore), respectively.

UBoI

Union Bank of India’s global business (deposits plus advances) increased 5.79 per cent yoy in Q4FY26 and stood at ₹23,85,679 crore as at March-end 2026.

The public sector bank’s global deposits edged up 2.72 per cent, and global advances rose 9.76 per cent yoy in Q4FY26 ended March 31, 2026.

As at March-end 2026, UBoI’s global deposits and global advances stood at ₹13,06,900 crore and ₹R10,78,779 crore, respectively, per provisional numbers shared by the Bank in its regulatory filing.

Within global deposits and global advances, domestic deposits and domestic advances were up 2.72 per cent (to ₹13,06,297 crore as at March-end 2026) and 10.06 per cent (to ₹10,41,122 crore), respectively.

RAM (retail, agriculture and MSME) advances increased by 12.59 per cent yoy to stand at ₹5,98,620 crore as at March-end 2026.

Bandhan Bank

Bandhan Bank reported a 10 per cent yoy growth in total deposits and a 12.6 per cent yoy growth in loans & advances (on book + Pass-Through Certificates).

As of March-end 2026, the Bank’s total deposits and loans & advances stood at ₹1,66,344 crore and ₹1,54,235 crore, respectively, per provisional numbers shared by the Bank in its regulatory filing.

AU Small Finance Bank

AU SFB reported a robust 22.8 per cent yoy growth in total deposits and a 21.3 per cent yoy growth in gross loan portfolio (including securitised/ assigned portfolio).

As of March-end 2026, the Bank’s total deposits and gross loan portfolio stood at ₹1,24,269 crore and ₹1,15,704 crore, respectively, per provisional numbers shared by the Bank in its regulatory filing.

Published on April 4, 2026



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India resumes energy trade with Iran after seven years

India resumes energy trade with Iran after seven years

by | Apr 4, 2026 | Business


India stopped buying crude oil from Iran after sanctions were re-imposed on the country by the US in November 2018 giving India six-months to wind down imports (May 2019).
| Photo Credit:
Dado Ruvic

The Ministry of Petroleum & Natural Gas (MoPNG) said on Saturday that Indian refiners have sourced crude oil from Iran, marking the first such purchase from the Persian Gulf nation after May 2019.

The development comes after the US un-sanctioned Iranian crude oil as the intensifying West Asian conflict prolonging the closure of the Strait of Hormuz (SoH) has choked out 20 per cent of the global consumption.

Besides, a very large gas carrier (VLGC) also delivered 44,000 tonnes of Iranian liquefied petroleum gas (LPG) to India on Thursday.

Refuting news reports and social media posts on an Iranian crude cargo diverted from Vadinar to China due to payment issues, the Ministry reiterated that India’s crude oil requirements remain fully secured for the coming months.

India imports crude oil from more than 40 countries, with companies having full flexibility to source oil from different sources and geographies based on commercial considerations, Oil Ministry emphasised.

“Amid Middle East supply disruptions, Indian refiners have secured their crude oil requirements, including from Iran; and there is no payment hurdle for Iranian crude imports, contrary to the rumours being circulated,” it added.

Claims on vessel diversion ignore how oil trade works. Bills of Lading often carry indicative discharge port destinations and on-sea cargoes can change destinations mid-voyage based on trade optimisation and operational flexibility, it explained.

“On LPG too, some claims being made are incorrect as LPG vessel Sea Bird carrying around 44,000 tonnes Iranian LPG berthed at Mangalore, India on April 2 and is currently discharging,” the Ministry added.

India utilises the Rupee payment mechanism between UCO Bank and Iran’s non-sanctioned banks having Vostro accounts with the former for payments. This was done after US and EU sanctions restricted dollar-based transactions.

India stopped buying crude oil from Iran after sanctions were re-imposed on the country by the US in November 2018 giving India six-months to wind down imports (May 2019). Iran was India’s third largest crude oil supplier in 2017, accounting for roughly 12-13 per cent of the total imports. At one point, Tehran was supplying more than 425,000 barrels per day (b/d) to New Delhi.

Iran sanctions

Sanctions imposed by the US and the European Union (EU) at the end of 2011 and during the summer of 2012, respectively, led to the displacement of more than 1 million barrels per day (mb/d) of Iranian crude oil on the global market, as per the US EIA.

In 2011, prior to sanctions, Iran exported 2.6 mb/d, most of which went to Asia, particularly China (550,000 b/d), India (320,000 b/d), Japan (315,000 b/d) and South Korea (250,000 b/d).

Although Iran supplied crude oil and condensates to a variety of countries in Europe and Asia in 2017, it sent all of its crude oil and condensate exports to China, Syria, the UAE and Venezuela in 2023. While most of these export volumes have export destinations listed as China, in many cases the destinations are listed as unknown, but US EIA assesses them to be destined for China.

For 2018 and 2019, these (barrels) specifically are listed as unknown, while in 2020 through 2023 these destinations also include Malaysia, Singapore, Vietnam, and destinations listed “unknown,” which US EIA has confirmed are all ultimately destined for China.

Published on April 4, 2026





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Loan growth outpaces deposit for IDBI Bank, Kotak, AU SFB in Q4

Loan growth outpaces deposit for IDBI Bank, Kotak, AU SFB in Q4

by | Apr 4, 2026 | Business


The total business of IDBI Bank increased 14% to ₹6 lakh crore compared to ₹5.28 lakh crore at the end of March 31, 2025.
| Photo Credit:
ADNAN ABIDI

LIC-controlled IDBI Bank on Saturday reported a 16 per cent increase in loan growth to ₹2.53 lakh crore for the fourth quarter ended March 2026.

Its total advances were ₹2.18 lakh crore at the end of March 31, 2025, IDBI Bank said in a regulatory filing.

The lender reported a 12 per cent rise in total deposits to ₹3.46 lakh crore from ₹3.1 lakh crore at the end of the fourth quarter of the preceding financial year.

The total business of the bank increased 14 per cent to ₹6 lakh crore compared to ₹5.28 lakh crore at the end of March 31, 2025.

Meanwhile, Kotak Mahindra Bank also reported higher credit growth versus deposit expansion. The bank registered a 16.2 per cent rise in advances to ₹4.95 lakh crore from ₹4.26 lakh crore in the fourth quarter of the preceding fiscal.

It reported a 14.7 per cent increase in total deposits to ₹5.72 lakh crore from ₹4.99 lakh crore at the end of the fourth quarter of FY25, Kotak Mahindra Bank said in a regulatory filing.

AU Small Finance Bank also reported a higher credit growth vis-a-vis deposit expansion. The bank posted a 25.1 per cent rise in advances to ₹1.36 lakh crore against ₹1.08 lakh crore in the fourth quarter of FY25.

The lender reported a 22.8 per cent increase in total deposits to ₹1.52 lakh crore compared to ₹1.24 lakh crore at the end of the fourth quarter of FY25, AU Small Finance Bank (SFB) said in a regulatory filing.

However, the bank’s low-cost CASA (current account savings account) ratio declined to 28.4 per cent of the total deposits from 29.2 per cent at the end of March 2025.

Published on April 4, 2026



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Iran, Saudi LPG shipments arrive, unload at New Mangalore Port

Iran, Saudi LPG shipments arrive, unload at New Mangalore Port

by | Apr 4, 2026 | Business


New Mangalore Port is witnessing a surge in LPG and crude oil shipments, including India’s first LPG cargo from Iran since 2019 after temporary easing of US sanctions. (a file photo)
| Photo Credit:
PTI

Two LPG (liquefied petroleum gas) tankers, including one from Iran, are discharging cargo at New Mangalore Port, and another is expected in the middle of next week.

LPG tanker Aurora (formerly Sea Bird), which brought 43910 tonnes of LPG cargo from the Asaluyeh port in Iran, has been discharging the cargo at the port. Around 34491 tonnes of LPG cargo remained to be discharged as of April 4.

India recently bought its first LPG cargo from Iran after the US temporarily eased sanctions on Iran’s petroleum exports. India had stopped energy purchases from Iran in 2019 due to sanctions.

Another LPG tanker, Al Ain, has unloaded 7,692 tonnes of cargo at the port. Around 11908 tonnes of cargo remained undischarged as of April 4. The tanker left Yanbu Industrial Port in Saudi Arabia on March 19.

An LPG tanker, Jag Vasant, with 9,500 tonnes of cargo, is expected to reach New Mangalore Port on April 8.

Crude oil

The oil tanker Gabon Prosperity, carrying 2.75 lakh tonnes of crude oil, is expected to reach New Mangalore Port on April 5. The tanker left the port of Al Muajjiz in Saudi Arabia on March 27. The cargo is expected to be unloaded at Mangalore Refinery and Petrochemicals Ltd’s (MRPL) single point mooring (SPM) facility under the New Mangalore Port Authority (NMPA).

Another oil tanker, New Legend, carrying 1.24 lakh tonnes of crude oil, is expected to reach New Mangalore on April 7. The oil tanker New Legend left the port of Ust-Luga in the Baltic Sea of Russia on March 7.

Meanwhile, the crude oil tanker Lila Jamnagar is waiting at the anchorage to load 2.70 lakh tonnes of crude oil from the SPM facility. Sources in the shipping sector said that Abu Dhabi National Oil Company (ADNOC) of the UAE will draw this cargo from Indian Strategic Petroleum Reserve Ltd’s (ISPRL) Mangaluru cavern for coastal transportation to Paradip port.

An agreement between ISPRL and ADNOC, signed in February 2018, allowed ADNOC to store about 5.86 million barrels of crude oil at ISPRL’s Mangaluru facility at ADNOC’s own cost. Sources said ADNOC will load another 1.45 lakh tonnes of crude oil cargo from ISPRL on the oil tanker New Liberty for coastal transportation in the coming days.

Published on April 4, 2026



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India buys oil from Iran for first time in 7 years with no payment issues

India buys oil from Iran for first time in 7 years with no payment issues

by | Apr 4, 2026 | Business


India has secured its full ‌requirements of crude oil for the coming months, the oil ministry said.

Indian refiners have ​purchased Iranian oil amid the West Asia conflict that has disrupted supplies through ​the Strait of Hormuz, ⁠the oil ministry said on Saturday.

The world’s third-biggest oil importer and consumer, India has ‌not received a cargo from Tehran since May 2019, following US ‌pressure not to buy ‌Iranian ⁠crude, but supply disruptions from the ⁠US-Israel war have hit the South Asian nation hard.

“Amid Middle East supply disruptions, ​Indian refiners have secured ‌their crude oil requirements, including from Iran; and there is no payment hurdle for Iranian crude imports,” ‌the oil ministry said on X.

Last ​month, the United States temporarily removed sanctions on Iranian oil ⁠and refined products to ease supply shortages.

India has secured its full ‌requirements of crude oil for the coming months, the ministry added.

“India imports crude oil from 40-plus countries, with companies having full flexibility to source oil from different sources and geographies ‌based on commercial considerations.”

India has also ​bought 44,000 metric tons of Iranian liquefied petroleum gas loaded on ⁠a sanctioned vessel. The ministry said the ⁠vessel, which berthed at the western port of Mangalore on ‌Wednesday, is discharging the fuel.

Published on April 4, 2026





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