Indian Bank January-March Gross Advances Rise 11.3% On Year

Indian Bank’s gross advances rose 11.3% on year to ₹6.00 trillion as of June 30, the bank said in a filing to exchanges Wednesday. Deposits rose 9.3% on year to ₹7.44 trillion.

In the March quarter, deposits had risen 7% on year to ₹7.37 trillion, while advances had grown 10% to ₹5.88 trillion.

Total business rose 10.2% on year to ₹13.44 trillion as of June 30. Current account deposits grew 8.6% on year to ₹380 billion, and savings deposits were up 3.0% to ₹2.38 trillion.