Indian Bank said that its total deposits jumped 7.12% to Rs 7.37 lakh crore as of 31st March 2025 as compared with Rs 6.88 lakh crore as of 31st March 2024.
On sequential basis, the banks deposits increased 5% from Rs 7.02 lakh crore as of 31st December 2024.Total business jumped 8.43% YoY and 5.1% QoQ to Rs 13.25 lakh crore as of 31st March 2025.
Gross advances stood at Rs 5.88 lakh crore as of 31st March 2025, registering the growth of 10.11% YoY and 5.2% QoQ.
Indian Bank is a public sector bank. The Government of India held a 73.84% stake in the bank as on 31st December 2024. The banks standalone net profit jumped 34.6% to Rs 2,852.36 crore on 11.3% increase in total income to Rs 17,912.03 crore in Q3 FY25 over Q3 FY24.
The scrip fell 0.65% to end at Rs 545.70 on Friday, 4 April 2025.
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