Canara Bank, Indian Bank credit growth outpaces deposits

Canara Bank reported 18% YoY advances growth to Rs 12.9 lakh crore as of end-June, with deposits rising 11.7% to Rs 16.1 lakh crore; its RAM (retail, agriculture, MSME) book grew 21.3% to Rs 7.7 lakh crore. Indian Bank's advances grew 13.9% YoY to Rs 6.85 lakh crore, marginally outpacing its 13.3% deposit growth to Rs 8.43 lakh crore. The trend signals strong credit demand but also highlights a widening advances-deposits gap for both PSU lenders.