IndusInd Bank Ltd - Business Update for Q1 FY2022-23

IndusInd Bank Ltd has announced the business update for Q1 FY2022-23.

The Net Advances as of June 30, 2022 stood at Rs. 2,49,541 crores, increased 18% YoY from Rs. 2,10,727 crores as of June 30, 2021 and 4% QoQ from Rs. 2,39,052 crores as of March 31, 2022.

The deposits increased 13% YoY and 3% QoQ from Rs. 2,67,630 crores as of June 30, 2021 and Rs. 2,93,681 crores as of March 31, 2022 to Rs. 3,03,094 crores as of June 30, 2022.

Retail Deposits and Deposits from Small Business Customers amounted to Rs. 1,24,105 crores as of 30 June 2022 as compared to Rs. 1,20,507 crores as of 31 March 2022.

The CASA Ratio was at 43.2% as of June 30, 2022 as compared to 42.1% as of June 30, 2021 and 42.8% as of March 31, 2022.

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. 832.10 as compared to the previous close of Rs. 807.50. The total number of shares traded during the day was 185028 in over 6414 trades.

The stock hit an intraday high of Rs. 839.80 and intraday low of 813.20. The net turnover during the day was Rs. 153938705.00.

Source : Equity Bulls

Keywords

IndusIndBank INE095A01012 BusinessUpdate Q1FY23 Advances Deposits CASA