 "IndusInd Bank's net advances jump to Rs 2.11 trn at end of June 2021")
IndusInd Bank witnessed a 7 per cent growth in its net advances to more than Rs 2.11 lakh crore at the end of June this year, according to a regulatory filing.
The net advances stood at Rs 1.98 lakh crore at the end of June 30, 2020.
On a quarter-on-quarter basis, the net advances were down 1 per cent from Rs 2.13 lakh crore recorded at the end of March 2021, the bank said in the regulatory filing on Monday.
Deposits registered a jump of 26 per cent to Rs 2.68 lakh crore at the end of the June quarter this fiscal. In the year-ago period, the same stood at Rs 2.12 lakh crore.
Out of the total amount, retail deposits and deposits from small business customers amounted to Rs 1.06 lakh crore in the latest June quarter compared to Rs 95,811 crore in the year-ago period.
Bank's CASA (Current Account Savings Account) ratio stood at 42.1 per cent as of June 2021, up from 40.1 per cent in the same period a year ago.
Shares of IndusInd Bank gained over 1 per cent to close at Rs 1,020.20 apiece on BSE.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app