IndusInd Bank Ltd - Key Business Updates for Q2 FY2023-24

IndusInd Bank Ltd has announced key business updates for the period ended September 30, 2023.

Net Advances of the bank stood at Rs. 3,14,928 crores as on September 30, 2023, up 5% QoQ from Rs. 3,01,317 crores as on June 30, 2023 and up 21% YoY from Rs. 2,60,129 crores as on September 30, 2022.

Deposits were at Rs. 3,59,819 crores as on September 30, 2023, up 4% QoQ from Rs. 3,47,347 crores as on June 30, 2023 and up 14% YoY from Rs. 3,15,921 crores as on September 30, 2022.

CASA Ratio declined to 39.4% as on September 30, 2023 as against 39.9% as on June 30, 2023 and 42.4% as on September 30, 2022.

Retail Deposits and Deposits from Small Business Customers amounted to Rs. 1,57,178 crores as of 30 September 2023 as compared to Rs. 1,50,691 crores as of 30 June 2023.

The above information is subject to a limited review by the statutory auditors of the Bank.

Shares of IndusInd Bank Limited was last trading in BSE at Rs. 1428.80 as compared to the previous close of Rs. 1413.40. The total number of shares traded during the day was 50027 in over 3090 trades.

The stock hit an intraday high of Rs. 1439.40 and intraday low of 1399.80. The net turnover during the day was Rs. 71232172.00.

Source : Equity Bulls

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IndusIndBank INE095A01012 KeyBusinessUpdates Q2FY2024 Deposits Advances CASA