IDBI Bank Q4 results show strong loan growth
pre-market1 source ↓written by the desknot a recommendation
- in net advances
- 16% YoY increase
- reaching
- ₹2.53 lakh crore
- to surpass
- 14%
- to surpass
- ₹6 lakh crore
- deposits grew only
- 7%
IDBI Bank reported a 16% YoY increase in net advances, reaching ₹2.53 lakh crore. Total business rose 14% to surpass ₹6 lakh crore. However, CASA deposits grew only 7% to ₹1.54 lakh crore, potentially raising funding costs. The government's stake sale faced low bidder interest, leaving public float at 5.29%.
Not investment advice. For informational purposes only.