The shares of IndusInd Bank progressed by nearly 5 per cent after the lender stated strong loan and deposit growth for the September quarter to lift the investor sentiment. The lender said its loans and advances grew 18 per cent year-on-year (YoY) and 5 per cent quarter-on-quarter (QoQ), record-beating most of its peers.

As of September 2022, the advances stood at Rs 259,647 crore against Rs 220,808 crore a year earlier. The deposits with the bank also rose 15 per cent YoY from Rs 275,473 crore to Rs 315,824 crore as of September 2022. It was a 4 per cent on-quarter rise, the bank said. “The Retail deposits, as well as deposits from other Small Business customers, amounted to Rs 129,895 crore as of 30th September as against Rs 124,102 crore as of 30th June,” said the company in a regulatory filing. CASA Ratio means the ratio of deposits in the Current Account and Savings Account to the bank’s total deposits, also enhanced to 42.4 per cent from 42.1 per cent a year ago. On the BSE, the stock traded up 5 per cent to Rs 1,210.

“IndusInd Bank sustained to report a sturdy pick-up in loan growth, and we expect these trends to continue vigorous which is likely to support margins,” Motilal Oswal said. “Deposit franchise too is rising strongly, with a continual focus in ramping up retail deposits.” The broker added that enhancements in asset quality, particularly in the Mutual Fund Investments or Restructuring book and Commercial Vehicle Demand outlook, will be key monitories.