Indian Bank has announced its provisional business performance for the quarter ended December 31, 2024, showing notable growth across key financial parameters. The total business of the bank has increased by 8.3% year-on-year (YoY) to ₹12.61 lakh crore, up from ₹11.64 lakh crore for the same period in the previous year.
Key Financial Highlights:
- Total Business: ₹12.61 lakh crore, reflecting an 8.3% YoY growth.
- Total Deposits: ₹7.02 lakh crore, a 7.3% increase from ₹6.54 lakh crore in December 2023.
- Gross Advances: ₹5.59 lakh crore, up by 9.6% from ₹5.10 lakh crore in the previous year.
The bank’s consistent growth reflects its strong market presence and customer base, alongside its continued focus on expanding its business across deposits and advances. This positive performance in Q3FY25 is expected to further strengthen the bank’s position in the financial sector.
The information shared above is provisional and subject to review by the Statutory Central Auditors of the bank.
Indian Bank is a leading public sector bank with a rich legacy of providing a wide range of financial services across India. With a focus on retail, corporate, and rural banking, the bank continues to be a key player in the Indian banking sector.
This update has been made available in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
