IDBI Bank gains on reporting 15% rise in total business during Q1FY25
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
IDBI Bank is currently trading at Rs. 84.48, up by 0.76 points or 0.91% from its previous closing of Rs. 83.72 on the BSE.
The scrip opened at Rs. 83.91 and has touched a high and low of Rs. 84.90 and Rs. 83.73 respectively. So far 473826 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 98.70 on 06-Feb-2024 and a 52 week low of Rs. 56.61 on 25-Jul-2023.
Last one week high and low of the scrip stood at Rs. 84.90 and Rs. 83.31 respectively. The current market cap of the company is Rs. 90911.56 crore.
The promoters holding in the company stood at 94.71%, while Institutions and Non-Institutions held 0.61% and 4.68% respectively.
IDBI Bank has reported 15% rise in total business to Rs 4,71,563 crore (Provisional) as of June 30, 2024 (Q1FY25) as compared to Rs 4,10,339 crore as of June 30, 2023. Total deposits grew 13% to Rs 2,77,549 crore (provisional) as of June 30, 2024, as compared to Rs 2,44,936 crore as of June 30, 2023.
Its CASA deposits stood at Rs 1,34,812 crore (provisional) as of June 30, 2024, posting a 5% rise in year-on-year terms against Rs 1,28,870 crore as of June 30, 2023. The bank’s net advances stood at Rs 1,94,014 crore (Provisional) in Q1FY25.
IDBI Bank is the youngest, new generation public sector universal bank that rides on a cutting edge Core Banking platform with strong service orientation.
