IDBI Bank Q1 Update: CASA Deposit Rises 5%

IDBI Bank Ltd.'s current account-saving accounts deposits rose 5% to Rs 1.34 lakh crore in the first quarter of fiscal 2025, according to a business update on Thursday. This compares with Rs 1.28 lakh crore for the same period last year.

The lender's net advances increased 17% year-on-year to Rs 1.94 lakh crore, against Rs 1.65 lakh crore for the same period in fiscal 2024, the statement said.

Deposit growth of the bank grew 13% YoY to Rs 2.77 lakh crore in the April-June quarter.

Shares of IDBI Bank closed 0.29% lower at Rs 83.72 apiece, compared to a 0.08% gains in the country's benchmark BSE Sensex 30.