IDBI Bank said that its overall business increased 12.9% to Rs 4,89,346 crore in Q3 FY25, compared to Rs 4,33,443 crore in Q3 FY24.
In the third quarter of FY25, the bank’s total deposits stood at Rs 2,82,439 crore, up 9.29% year on year.
During the quarter, net advances rose to Rs 2,06,907 crore, up 18.23% year on year, while CASA deposits were at Rs 1,30,899 crore, up 2%.
IDBI Bank is a banking company. The corporate/wholesale banking area includes corporate connections for deposit and credit activities other than retail, as well as corporate advisory/syndication and project evaluation.
The bank’s standalone net profit increased 34.3% to Rs 1,860.80 crore in Q2 FY25, compared to Rs 1,385.40 crore in Q2 FY24. Total income increased by 24.8% year on year to Rs 8,812.79 crore in the quarter ending September 30, 2024.
IDBI Bank shares rose 1.20% to Rs 77.55 on the BSE on Friday.
