IDBI Bank Sees Muted April-June As Deposits, Advances Decline Sequentially

IDBI Bank Ltd.'s total deposits rose 7% on year to ₹2.97 trillion as of June 30, but slipped 4% sequentially, the bank said in an exchange filing Friday. The bank’s current and savings account (CASA) deposits also fell 2% on year and 8% from the previous quarter to ₹1.33 trillion.

Net advances were up 9% on year at ₹2.12 trillion, but dropped 3% sequentially. Total business stood at ₹5.09 trillion as of June end, rising 8% on year but down nearly 4% from the March quarter.