IDBI Bank Reports Robust Growth in Deposits and Advances
IDBI Bank has announced significant growth in its financial metrics. Total deposits increased by 7% year-on-year as of June end, while provisional net advances grew by 9% compared to the same period last year. The bank's total assets rose by 13.22% to Rs 411,661.00 crore, investments increased by 2.20% to Rs 117,467.50 crore, and shareholder's capital grew by 20.79% to Rs 60,251.00 crore. Current assets saw a substantial increase of 38.73% to Rs 57,631.80 crore.

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IDBI Bank , a prominent player in the Indian banking sector, has announced significant growth in its deposits and advances, showcasing the bank's strong performance.
Deposit Growth
IDBI Bank has reported a 7% year-on-year increase in total deposits as of the end of June. This growth indicates rising trust among customers and a strengthening deposit base for the bank.
Advances Expansion
The bank's provisional net advances as of June 30 have grown by 9% compared to the same period last year. This substantial increase in lending activities suggests robust demand for credit and the bank's ability to capitalize on market opportunities.
Financial Position
The latest available balance sheet data provides additional context to IDBI Bank's financial health:
Financial Metric | Amount (in crore Rs) | Year-on-Year Change |
---|---|---|
Total Assets | 411,661.00 | 13.22% |
Investments | 117,467.50 | 2.20% |
Shareholder's Capital | 60,251.00 | 20.79% |
Current Assets | 57,631.80 | 38.73% |
The bank's total assets have shown a significant increase of 13.22% compared to the previous year, reaching Rs 411,661.00 crore. This growth aligns with the reported increases in deposits and advances.
IDBI Bank's investment portfolio has also seen a modest increase of 2.20%, now standing at Rs 117,467.50 crore. This suggests a cautious approach to investment amidst the growing lending activities.
Notably, the bank's shareholder's capital has increased by 20.79% to Rs 60,251.00 crore, indicating a strengthened capital position. The substantial growth in current assets, up by 38.73% to Rs 57,631.80 crore, further underscores the bank's expanding operations and liquidity.
These figures, coupled with the growth in deposits and advances, paint a picture of IDBI Bank's expanding business operations and improved financial standing. The bank appears to be on a trajectory of growth, effectively managing its assets and liabilities while increasing its market presence.
Historical Stock Returns for IDBI Bank
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+0.02% | -1.48% | -0.24% | +43.89% | +16.31% | +128.60% |