IDBI Bank's net advances up 16% YoY as of Mar 31; deposits rise 12%
This story was originally published at 15:56 IST on 4 April 2026
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NEW DELHI – IDBI Bank Ltd.'s net advances grew 16% on year to INR 2.54 trillion as of Mar. 31, according to provisional figures released by the bank Saturday. Its total deposits were up 12% on year at INR 3.47 trillion as of Mar. 31, with current account savings account deposits rising 7% on year to INR 1.55 trillion.
The bank's total business rose 14% on year to INR 6.01 trillion as of Mar. 31, as per the release. For the December quarter, the bank had reported a net profit of INR 19.35 billion, slightly higher than INR 19.08 billion in the corresponding quarter a year ago. Shares of the bank closed 2.8% higher Thursday, at INR 69.55 on the National Stock Exchange. Stock markets were shut Friday for Good Friday. End
Reported by Krity Ambey
Edited by Tanima Banerjee
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