Indian Bank Q4 update: Total business rises 13% YoY, deposits cross ₹8.3 lakh cr

Indian Bank reported a steady business update for the March quarter, with growth across deposits and advances, while the CASA ratio remained broadly stable.

The bank’s CASA ratio stood at 39.86%, compared to 39.08% in the December quarter and 40.17% a year ago.

Total business came in at ₹14.98 lakh crore, rising 13.1% year-on-year and 4.8% sequentially.

Advances grew 13.6% YoY and 4.5% QoQ to ₹6.68 lakh crore during the quarter.

Total deposits increased 12.6% on-year and 4.9% sequentially to ₹8.30 lakh

crore.

On the asset side, RAM (Retail, Agriculture, MSME) advances stood at ₹4.06 lakh crore, up 15.7% YoY and 4.1% QoQ.

Indian Bank is a major public sector bank headquartered in Chennai, offering comprehensive retail, corporate, MSME, agricultural, and international banking services.

Also read: Indian Bank Q3 Results: Stock gains over 5% after slippages improve, double-digit business growth

Shares of Indian Bank ended today’s trading session 4.7% higher at ₹886 on NSE, in line with the rally in the broader market. On a year-to-date basis, the stock is up 6.4%.