Banking on Growth: Indian Bank Posts Double-Digit Surge in Deposits and Advances

Image Source: Zee Business

Indian Bank announced strong provisional quarter-ended June 30, 2025, numbers, reflecting positive momentum in lending and deposits. The total business of the bank grew 10.2% year-on-year to ₹13.44 lakh crore versus ₹12.20 lakh crore in the earlier year period.

Key Highlights:

Total Deposits:

Rose 9.3% YoY to ₹7.44 lakh crore as on June 30, 2025, reflecting continuity of customer confidence and a stable source of funds.

Gross Advances:

Grew 11.3% YoY to ₹6.00 lakh crore from ₹5.39 lakh crore in the previous year, evidencing robust credit growth in all segments.

Retail, Agriculture & MSME (RAM) Portfolio:

Increased 16.0% YoY to ₹3.63 lakh crore, demonstrating the bank's focus on strategic priority and retail lending.

Deposit Mix:

Savings Bank Deposits increased 3.0% YoY to ₹2.38 lakh crore.

Current Account Deposits rose 8.6% YoY to ₹0.38 lakh crore.

Stock Performance:

Stocks closed marginally higher at ₹650.65 on the BSE after the announcement.

Audit Status:

All data are provisional and subject to audit by the Statutory Central Auditors.

Its Q1 FY26 detailed financial results are to be announced in the forthcoming weeks. The initial numbers hint that Indian Bank is maintaining strong growth momentum in both its core lending and deposit businesses, with a particular thrust in the retail and MSME businesses.

Source: CNBC TV18