India bank stocks jump up to 8% as CSB Bank hits record high on Q3 update
CSB Bank shares rose as much as 7.8% to an all-time high of 519.95 rupees on Monday after the Kerala-based lender reported strong loan and deposit growth in a provisional update for the quarter ended Dec. 31. Deposits rose 21% year-on-year to 40,460 crore rupees and gross advances climbed 29% to 37,208 crore, while gold and jewellery loans jumped 46% to 19,023 crore, the bank said. Businesstoday The early numbers matter because Indian lenders are heading into the busiest stretch of quarterly reporting with signs that credit demand is recovering from a mid-2025 slowdown. System-wide bank credit growth accelerated to 11.5% year-on-year in November, while analysts have flagged that loan growth has again started to outpace deposits, a funding imbalance that can raise borrowing costs for banks. Reuters
