IDBI and Bandhan Banks Lead with Impressive Credit and Deposit Growth

IDBI Bank announced an 18% credit growth, reaching Rs 2.06 lakh crore in the December quarter, with total advances at Rs 1.75 lakh crore. Meanwhile, Bandhan Bank reported 15% credit growth. Both banks showed significant increases in deposits and business, highlighting their robust financial performance.

IDBI Bank has achieved an impressive 18% growth in credit, amounting to Rs 2.06 lakh crore during the December quarter, according to a regulatory filing on Saturday.

As of December 31, 2023, IDBI's total advances stood at Rs 1.75 lakh crore. The bank also saw its total deposits rise by 9%, reaching Rs 2.82 lakh crore, compared to Rs 2.58 lakh crore in the same period of the previous financial year.

In contrast, Bandhan Bank reported a credit growth of 15%, totaling Rs 1.33 lakh crore during the October-December quarter. Simultaneously, Bandhan Bank registered a 20% growth in total deposits, amounting to Rs 1.40 lakh crore, underscoring a strong financial performance for both banks.

(With inputs from agencies.)