On Wednesday, IndusInd Bank Ltd gets shares update for the third quarter (Q3) of the current fiscal. The bank witnessed loan growth at 3 per cent on a sequential basis whereas on a yearly basis it grew 10 per cent as the net advances as of December 31, 2021 stood at Rs 2,28,128 crore.
- Stocks in Focus: Zydus Lifesciences, Ashoka Buildcon, Ircon International, and Others
- Stocks Under F&O Ban: Birlasoft, National Aluminium, and Others
- AM/NS India Secures Import Exemption for Key Raw Material Amid Ongoing Restrictions
- OpenAI to Launch New AI Tools, Confirms CEO Sam Altman
- BMC uses emergency powers as lakes drop to 31% and tanker strike hits water supply
Meanwhile, IndusInd Bank’s deposits for the third quarter rose to Rs 2,84,835 crore, up 3 per cent quarter-on-quarter (QoQ) and up 19 per cent year-on-year. Its retail deposits and deposits from small business customers amounted to Rs 1,13,615 crore as of 31 December 2021 as compared to Rs. 1,11,754 crore as of 30 September 2021.
The lender’s CASA (current and savings account) ratio stood at 42.2 per cent as of December end as compared to 42.1 per cent during September period and 40.5 per cent as of December 2020.
Stock Covered in the news
