IDBI Bank Q2 Update: Total business rises 15%, advances climb 19% on-year

IDBI Bank posted a 15% rise in total business to ₹4.78 lakh crore in Q2 FY24, with net advances up 19%. Deposits grew by 11%.

IDBI Bank posted a 15% rise in total business to ₹4.78 lakh crore in Q2 FY24, with net advances up 19%. Deposits grew by 11%.

The bank reported total deposits of ₹1,08,028 crore, an increase of 20% compared to the same period last year. Gross advances, which represent the total amount lent to customers, rose to ₹89,786 crore. This reflects a 15% increase year-on-year.

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Federal Bank’s Q2 FY25 business update showed a 16% year-on-year growth in total deposits, reaching ₹2.69 lakh crore. Gross advances also rose by 19% to ₹2.33 lakh crore, driven by a 23% increase in retail credit.

Adani Wilmar, popularly known for selling the ‘Fortune’ cooking oil brand, said volumes for its food and edible oil segments rose 31% and 15% in the September quarter, respectively.

As India’s investment community eyes this growth, the question arises: Should you invest in China, and if so, how? Here’s what two experts suggested.

The company anticipates retail disbursements for the second quarter of fiscal 2025 to total approximately ₹15,070 crores, representing a year-on-year growth of 12%.

On a quarter-on-quarter (QoQ) basis, net advances increased by 3%, up from ₹3.48 lakh crore in June 2024.

The carmaker, which plans to sell a 17.5% stake in the business, may raise about $3.3 billion at the current valuation target, the people said, asking not to be identified because the deliberations are private.

SH Kelkar Share Price | The company also highlighted strong performance in its European segment, which saw double-digit revenue growth despite subdued market conditions. S H Kelkar & Company is involved in the manufacturing and supply of fragrances, flavours and…