IDBI Bank reported double-digit growth across key business parameters for the quarter ended March 31, 2026, with total business rising 14% year-on-year to ₹6 lakh crore from ₹5.29 lakh crore a year earlier. 

Deposits grow 12%, advances up 16% YoY 

Total deposits grew 12% year-on-year (YoY) to ₹3.47 lakh crore while net advances increased 16% to ₹2.53 lakh crore. CASA deposits stood at ₹1.55 lakh crore, registering a 7% rise compared with the year-ago period. 

Sequential growth remains steady 

On a sequential basis, the bank’s total business expanded from ₹5.47 lakh crore as of December 2025, supported by steady growth in both deposits and advances. Net advances rose from ₹2.39 lakh crore in the previous quarter, while deposits increased from around ₹3.08 lakh crore. 

In the December quarter, IDBI Bank had reported total business of ₹5.47 lakh crore, up 12% year-on-year, with deposits at ₹3.08 lakh crore and net advances at ₹2.39 lakh crore. CASA deposits had stood at ₹1.36 lakh crore, indicating relatively moderate growth compared with advances. 

The bank’s financial performance in the third quarter reflected mixed trends, with net profit rising 1.4% year-on-year to ₹1,935.5 crore, even as net interest income declined 24% to ₹3,209.5 crore. Asset quality remained stable, with net non-performing assets declining sequentially and the net NPA ratio easing to 0.18%. 

Shares of IDBI Bank closed at ₹69.52 apiece, up 2.76% on Friday. However, the stock has declined 33% so far in 2026. 

On the other hand, Kotak Mahindra Bank also reported higher credit growth versus deposit expansion. The bank registered a 16.2% rise in advances to ₹4.95 lakh crore from ₹4.26 lakh crore in the fourth quarter of the preceding fiscal. It reported a 14.7% increase in total deposits to ₹5.72 lakh crore from ₹4.99 lakh crore at the end of the fourth quarter of FY25, Kotak Mahindra Bank said in a regulatory filing.