IndusInd Bank reports 21% y-o-y growth in loans given, in March quarter

5 Apr 2023 , 12:20 PM

In Q4FY23, IndusInd Bank recorded a net advance of Rs 2,89,965 crore, which represents a yoy growth of 21% compared to Rs 2,39,052 crore in the same period of the previous year. 

As of March 31, 2023, the deposits of IndusInd Bank increased by 15% to reach Rs 3,36,443 crore, compared to Rs 2,93,681 crore in the previous year. In the December 2022 quarter, the deposits were Rs 3,25,485 crore. 

The CASA Ratio, which is the ratio of current and savings account deposits to total deposits, was 40.1% as of March 31, 2023, down from 42% as of December 31, 2022.

The company reported that retail deposits and deposits from small business customers stood at Rs 1,43,021 crore as of March 31, 2023, against Rs 1,37,968 crore in the previous quarter, registering a growth of 3.66% on a QoQ basis.

At around 12.15 PM, IndusInd Bank was trading 1.33% lower at Rs 1,064.45 apiece against the previous close of Rs 1,078.75 on NSE. The counter touched an intraday high and low of Rs 1,089.20 and Rs 1,060.10 respectively.

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