Private lender Kotak Mahindra Bank reported growth of over 20% in both deposits and loans for the fiscal second quarter ended September.

The bank’s loan book rose 24.7% to Rs 5.77 lakh crore as of 30 September, according to provisional business update released by the lender.

Total deposits increased 23.2% YoY to Rs 6.51 lakh crore in the July-September quarter.

The current account savings account (CASA) deposits rose 11.3% YoY to Rs 2.49 lakh crore at the end of the September quarter.

Average net advances stood at Rs 5.47 lakh crore, up 22.1% YoY. Average total deposits were at Rs 6.06 lakh crore, up 18.8% YoY, while average CASA stood at Rs 2.26 lakh crore, up 14.2% YoY.

The Bank said it garnered $5.78 billion (Rs 55,344 crore) in foreign currency non-resident (Bank), or FCNR(B), deposits under the Reserve Bank of India's swap facility. This included advances of $1.68 billion (Rs 16,110 crore) against these deposits through the bank's international branches.