IndusInd Bank spurts after Q1 advances jump 18% YoY

4 Jul 2022 , 11:29 AM

The banks net advances grew 4% last quarter over Rs 2,39,052 crore as of 31 March 2022. The private lenders deposits stood at Rs 3,03,094 crore as of 30 June 2022, up 13% year-on-year (YoY) and up 3% quarter-on-quarter (QoQ). CASA ratio improved to 43.2% as of 30 June 2022 compared with 42.1% as of 30 June 2021 and 42.8% as of 31 March 2022. Retail deposits and deposits from small business customers amounted to Rs 1,24,105 crore as of 30 June 2022 as compared to Rs 1,20,507 crore as of 31 March 2022, rising nearly 3% quarter on quarter. IndusInd Bank caters to both consumer and corporate customers. As of 31 March 2022, the banks distribution network included 2,265 branches/banking outlets and 2,767 onsite and offsite ATMs. The bank reported 55.4% rise in standalone net profit to Rs 1,361.37 crore on an 6.1% increase in total income to Rs 9,761.89 crore in Q4 FY22 over Q4 FY21. Powered by Capital Market – Live News