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IDBI Bank Sees 15% Business Surge in Q1

3 Jul

Summary

Total business grew 15% to ₹5.84 lakh crore in the June quarter.
Loans increased by 22%, while deposits rose by 10% year-on-year.
Provisional figures released ahead of detailed financial results.

IDBI Bank announced a 15% year-on-year surge in its total business, which reached ₹5.84 lakh crore by the end of the June 2026 quarter. This performance marks a substantial increase from the ₹5.09 lakh crore reported in the same period last year.

The bank's lending activities, or net advances, saw a significant 22% jump to ₹2.59 lakh crore as of June 30, 2026. This robust credit growth outpaced the expansion in deposits.

Concurrently, total deposits grew by 10% year-on-year, amounting to ₹3.25 lakh crore by quarter-end. Within this, low-cost CASA deposits, crucial for funding, increased by 7% to ₹1.42 lakh crore.

These preliminary business figures for the first quarter of FY27 are subject to audit. They offer an early insight into the bank's financial momentum before the official announcement of its detailed results.

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