IDBI Bank Ltd, being one of the leading public sector banks in India, has witnessed good growth in its net advances and total deposits for the period ending March 31, 2025. The performance clearly indicates its target of increasing customer base and expanding its lending segment.
Key Points:
Total Growth in Deposits
As of March 31, 2025, IDBI Bank's total deposits increased to ₹3,20,000 crore, a 12% year-on-year (YoY) growth from ₹2,85,000 crore in March 2024. The growth was led by increased CASA (Current Account Savings Account) balances and term deposits.
In February 2025, overall deposits were ₹3,12,000 crore, showing a 2.6% month-on-month (MoM) increase, as the bank kept onboarding new depositors through competitive rates and digital banking drives.
Net Advances Growth:
Net advances were at ₹2,20,000 crore as of March 31, 2025, rising by 15% YoY from ₹1,91,000 crore in March 2024. The growth was driven by higher lending in retail, MSME, and corporate segments.
In February 2025, net advances stood at ₹2,14,500 crore, reflecting a 2.6% MoM growth, led by robust disbursements in the housing loan and personal loan segments.
Leadership Insights:
IDBI Bank spokesperson said:
"Our steady growth in advances and deposits demonstrates our focus on offering customer-driven solutions. We are committed to using technology to improve operational efficiency and create value."
Outlook:
With its emphasis on digital transformation and growth in its lending portfolio, IDBI Bank is poised for long-term growth in FY26.
Conclusion:
IDBI Bank's robust showing in deposits and advances reflects its strength and resilience in India's banking space.
Sources: Economic Times, Business Standard; April 3, 2025