iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

IndusInd Bank Shares Rise 1% on Robust Q3 Advances and Deposits Growth

4 Jan 2024 , 01:25 PM

IndusInd Bank shares rose nearly 1% in early trade on January 4 following a strong third-quarter performance.  At the time of writing, shares of IndusInd bank were trading at Rs 1644.80 which is a 2.77% hike than previous close.

The bank reported a robust 20% YoY growth in advances and a significant 13% surge in deposits, reaching Rs 3.69 lakh crore. Advances for the quarter stood at Rs 3.27 lakh crore, showing a sequential increase of 4% and a notable YoY growth of 20%.

The CASA ratio dropped to 38.5% in Q3FY24, down from 42% in the year-ago period and 39.4% in the previous quarter.

Retail deposits and small business customer deposits increased to Rs 1,65,353 crore, up from Rs 1,57,187 crore in the previous quarter. Over the past six months, IndusInd Bank stock provided a strong return of 15.97%, outpacing the Nifty’s gain of 5.31%.

For feedback and suggestions, write to us at editorial@iifl.com
 

Related Tags

  • IndusInd Bank
  • news
  • nifty
  • Q3
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Securities Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.