Tijori
2026-09-08 15:08
Buoyant
2026-09-07 (model valuation date)
41 lenders598 syncs ok2 failed

Deposits & Funding

§6 — is deposit availability constraining growth? The credit−deposit gap is the central system indicator.

Deposit growth
13.4%
median, listed lenders
CASA
32.7%
median, listed lenders
Credit/deposit
84.3%
median, listed lenders
Cost of borrowing
5.0%
median, listed lenders
Deposit share
1.2%
median, listed lenders
NIM
3.6%
median, listed lenders

Credit growth − deposit growth (pp, median)

Median across the 41 listed lenders, FY17–FY26

Deposit growth vs CASA

Franchise quality: who funds cheaply and still grows

display
#BankCategory
1Fino Payments BankPayments Bank37.2%100.0%—0.0%—0.01%142.9%3.8%
2RBL BankMid/Small Private25.3%29.2%3593.1%6.0%0.55%23.3%4.1%
3City Union BankMid/Small Private23.3%26.6%4984.3%4.8%0.31%26.5%3.8%
4Jana Small Fin. BankSFB22.9%19.0%43—7.4%0.14%24.6%7.5%
5AU Small Fin. BankSFB22.8%29.0%3980.0%6.5%0.60%25.4%5.9%
6Ujjivan Small FinSFB21.4%28.6%9287.2%6.9%0.18%26.7%8.5%
7DCB BankMid/Small Private20.9%21.6%180.5%6.8%0.29%17.6%3.4%
8Capital Small Fin.SFB20.4%36.7%3183.0%5.6%0.04%20.9%4.2%
9CSB BankMid/Small Private20.0%19.4%090.0%6.5%0.17%26.5%3.7%
10Indian Overseas BankPSU18.3%41.0%7385.6%4.8%1.45%24.9%3.5%
11IDFC First BankMid/Small Private16.8%50.8%8497.9%6.0%1.16%20.3%6.0%
12Dhanlaxmi BankMid/Small Private16.4%28.8%3181.3%5.6%0.07%24.7%3.6%
13Tamilnad MercantileMid/Small Private14.9%26.2%089.0%5.7%0.24%20.8%4.3%
14South Indian BankMid/Small Private14.7%33.0%9082.1%4.5%0.49%15.8%3.2%
15Kotak Mahindra BankLarge Private14.6%40.3%4789.4%4.5%2.24%16.4%4.5%
16HDFC BankLarge Private14.3%32.3%096.5%4.4%12.23%12.0%3.3%
17Bank of MaharashtraPSU14.1%49.0%5488.8%4.0%1.38%22.0%3.8%
18Axis BankLarge Private13.9%38.0%092.7%5.0%5.26%18.6%3.5%
19Bank Of IndiaPSU13.6%36.7%4483.3%4.5%3.67%17.0%2.5%
20CentralBank of IndiaPSU13.4%46.6%5872.4%4.7%1.85%19.3%3.1%
21Karur Vysya BankMid/Small Private13.3%27.6%2185.4%5.5%0.46%16.9%4.3%
22Punjab & Sind BankPSU12.4%30.1%1181.1%5.5%0.58%19.1%2.5%
23Indian BankPSU12.3%39.7%7381.1%4.8%3.26%14.7%3.4%
24Yes BankMid/Small Private12.1%32.7%7390.4%5.7%1.26%11.1%2.7%
25Bank Of BarodaPSU12.0%37.7%4686.8%4.7%6.61%16.4%2.8%
26IDBI Bankex-PSU11.9%43.6%6279.5%4.7%1.37%16.1%3.6%
27UCO BankPSU11.6%36.9%4182.1%4.4%1.27%18.2%3.0%
28ICICI BankLarge Private11.5%38.1%989.0%4.5%7.22%15.8%4.4%
29J&K BankMid/Small Private11.3%42.1%3973.9%4.7%0.65%17.7%3.3%
30State Bank Of IndiaPSU11.1%39.2%683.1%4.8%23.84%17.1%2.9%
31ESAF Small FinanceSFB11.1%23.4%4486.2%7.1%0.10%19.8%7.9%
32Federal BankMid/Small Private10.6%32.2%6486.7%5.3%1.24%13.2%3.3%
33Bandhan BankMid/Small Private10.0%29.4%1292.0%6.4%0.66%13.7%6.2%
34PNBPSU9.4%36.7%573.8%4.4%6.80%14.0%2.5%
35Equitas Small Fin.SFB8.0%25.0%491.3%7.0%0.18%18.1%7.2%
36Canara BankPSU7.7%29.7%3980.3%4.9%6.19%16.3%2.5%
37Karnataka BankMid/Small Private3.8%32.4%9078.5%5.2%0.43%6.9%3.2%
38Union Bank Of IndiaPSU2.7%35.1%7783.4%4.4%5.17%10.5%2.8%
39Utkarsh Small Fin.SFB0.4%————0.09%-3.5%—
40Indusind BankLarge Private-2.7%29.4%2778.7%5.0%1.58%-8.4%3.6%
41Suryoday Small Fin.SFB—21.0%8991.3%7.5%——7.2%

CASA percentile is vs each bank's OWN history (quarterly KPI back to 2008). Deposit share is vs the listed-bank aggregate.