IndusInd Bank business updates: Deposits rises 19%, CASA ratio at 42.2% in Dec

5 Jan 2022 , 04:00 PM

IndusInd Bank on Wednesday posted its business update for the third quarter (Q3) of the current fiscal. The bank witnessed loan growth at 3% on a sequential basis whereas on a yearly basis it grew 10% as the net advances as of December 31, 2021, stood at Rs2,28,128cr.

The lender’s CASA (current and savings account) ratio stood at 42.2% as of December end as compared to 42.1% during the September period and 40.5% as of December 2020.

IndusInd Bank Ltd is currently trading at Rs903.50, down by Rs0.7 or 0.08% from its previous closing of Rs904.20 on the BSE.

IndusInd Bank’s deposits for the third quarter rose to Rs2,84,835cr, up 3% quarter-on-quarter (QoQ) and up 19% year-on-year.

Its retail deposits and deposits from small business customers amounted to Rs1,13,615cr as of 31 December 2021 as compared to Rs1,11,754cr as of 30 September 2021, as per regulatory filing.