State-run Bank of Baroda (BoB) has reported a 12.8% credit growth, with total advances reaching Rs. 12.3 lakh crore for the quarter ended March 2025, up from Rs. 10.9 lakh crore in the same period last year. The bank also recorded a 10.25% increase in total deposits, which stood at Rs. 14.7 lakh crore, compared to Rs. 13.35 lakh crore at the end of March 2024. Consequently, BoB’s total business grew by 11.4% year-on-year, reaching Rs. 27.03 lakh crore.
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Meanwhile, Bank of India posted a 13.59% growth in advances, reaching Rs. 6.65 lakh crore in Q4 FY25, up from Rs. 5.85 lakh crore in the same quarter last year. The bank’s deposits rose by 10.65%, touching Rs. 8.16 lakh crore, compared to Rs. 7.37 lakh crore in March 2024.
IDBI Bank, which is majority-owned by LIC, saw a 16% increase in advances, reaching Rs. 2.18 lakh crore, up from Rs. 1.88 lakh crore in Q4 FY24. Deposits also rose 12% to Rs. 3.10 lakh crore, compared to Rs. 2.77 lakh crore a year ago.
The strong growth across these banks reflects robust credit demand and deposit mobilization, contributing to the overall expansion of the Indian banking sector.
Also Read: BoB Reports 12.8% Loan Growth in Q4 of FY’25
