IDBI Bank Ltd has reported robust business growth for the fiscal year 2024, showcasing significant improvement across all major financial metrics. Here are the key highlights:
Key Financial Highlights for IDBI Bank (₹ in Crore):
| Particulars | 31.12.2023 (Unaudited) | 30.09.2024 (Unaudited) | 31.12.2024 (Provisional) | YoY Growth (%) |
|---|---|---|---|---|
| Total Business | 4,33,443 | 4,78,546 | 4,89,346 | 13% |
| Total Deposits | 2,58,442 | 2,77,602 | 2,82,439 | 9% |
| CASA Deposits | 1,28,962 | 1,33,639 | 1,30,899 | 2% |
| Net Advances | 1,75,001 | 2,00,944 | 2,06,907 | 18% |
Key Observations:
- Total Business Growth:
IDBI Bank’s total business grew from ₹4,33,443 crore in December 2023 to ₹4,89,346 crore in December 2024, marking an impressive year-on-year growth of 13%. - Total deposits:
Total deposits increased by 9% YoY, from ₹2,58,442 crore in December 2023 to ₹2,82,439 crore in December 2024, indicating a steady inflow of customer trust. - CASA 𝗗𝗲𝗽𝗼𝘀𝗶𝘁:
Current Account and Savings Account (CASA) deposits saw marginal growth of 2%, rising from ₹1,28,962 crore in December 2023 to ₹1,30,899 crore in December 2024. This reflects the bank’s stability in maintaining a healthy deposit mix. - Net Advances:
The net advances grew significantly by 18% YoY, from ₹1,75,001 crore in December 2023 to ₹2,06,907 crore in December 2024, underlining the bank’s strong credit growth.
TOPICS:
IDBI Bank