IDBI Bank Q2 Updates: Net Advances up by 19% YoY

New Delhi: In the quarter ended September, IDBI Bank's total deposits increased by 11% year-on-year to Rs 2.77 lakh crore, according to provisional data shared by the private lender on Friday. This is compared to Rs 2.49 lakh crore for the same period last year.

The lender's net advances increased 19% year-on-year to Rs 2.01 lakh crore, against Rs 1.68 lakh crore for the same period in fiscal 2024, the statement said.

The bank's current account-savings accounts deposits (the proportion of deposits that come from low-cost current and savings accounts) rose 4% to Rs 1.33 lakh crore in the second quarter of fiscal 2025. This compares with Rs 1.28 lakh crore for the same period last year.

The Bank's total deposits in the quarter ended June 2024 grew by 13% year-on-year to Rs 2.77 lakh crore.

The lender's net advances increased 17% year-on-year to Rs 1.94 lakh crore, against Rs 1.65 lakh crore for the same period in fiscal 2024, the statement said. The bank's CASA deposits rose 5% to Rs 1.34 lakh crore in the first quarter of fiscal 2025.

The stock has risen 24.39% on a year-to-date basis and 20.55% over the past 12 months. The relative strength index was at a decline of 57.57.