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Indian Bank reports 11% rise in total deposits during Q4FY24

06 Apr 2024 Evaluate

Indian Bank’s total deposits stood at Rs 6.89 lakh crore (provisional) as of March 31, 2024 (Q4FY24), posting a 11% rise in year-on-year (YoY) terms as against Rs 6.21 lakh crore as of March 31, 2023 and on quarter-on-quarter (QoQ) basis, term deposits stood at Rs 6.54 lakh crore as of December 31, 2023.

Its gross advances stood at Rs 5.34 lakh crore (provisional) as of Q4FY24, posting a 12.7% rise in year-on-year (YoY) terms against Rs 4.74 lakh crore as of Q4FY23 and in quarter-on-quarter (QoQ) basis stood at Rs 5.10 lakh crore as of December 31, 2023. CASA deposits grew 8.1% to Rs 2.82 lakh crore (provisional) as of Q4FY24, as compared to Rs 2.61 lakh crore on a yearly basis. On a quarterly basis, the CASA deposits stood at Rs 2.60 lakh crore as of Q4FY23. 

Indian Bank was established as a part of the Swadeshi movement. The Bank provides a wide spectrum of banking products and services.


Peers
Company Name CMP
State Bank Of India 952.80
PNB 114.30
Bank Of Baroda 234.55
Canara Bank 119.00
Union Bank Of India 173.00
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