The private lender's net advances jumped 13 per cent to Rs 3,56,980 crore as of 30 September2024 as compared to Rs 3,15,454 crore as of 30 September2023.
On sequential basis, the banks net advances grew 3 per cent to Rs 3,47,898 crore as on 30 September2024.The bank reported a 15 per cent growth in deposits to Rs 4,12,704 crore as of 30 September 2024 from Rs 3,59,786 crore as of 30 September 2023 and a rise of 4 per cent to Rs 3,98,607crore as of 30 September2024.
CASA ratio reduced to 35.9 per cent as of 30 September 2024 as compared with 39.4 per cent as of 30 September 2023.
The retail deposits and deposits from small business customers amounted to Rs 1,81,911 crore as of 30 September 2024 as compared to Rs 1,74,236 crore as of 30 June 2024, recording a growth of 4.4 per cent.
IndusInd Bank caters to both consumer and corporate customers. As of 31 December 2023, the bank's distribution network included 2,728 branches/ banking outlets and 2,939 onsite and offsite ATMs, as against 2,384 branches/ banking outlets and 2,894 onsite and offsite ATMs as of 31 December 2022. The client base stood at 38 million.
The companys consolidated net profit increased 2.2 per cent to Rs 2,170.79 crore on 15.8 per cent jump in Total income to Rs 14,988.38 crore in Q1 FY25 over Q1 FY24.
The scrip shed 0.02 per cent to currently trade at Rs 1,382.65 on the BSE.
Powered by Capital Market - Live News
(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