IndusInd Bank Ltd - Q3 FY2024 Business Update

IndusInd Bank Ltd has announced the business update for the period ended December 31, 2023. Net Advances increased 20% YoY at Rs. 3,26,741 crores as of December 31, 2023 as against Rs. 2,72,754 crores as of December 31, 2022 and up 4% QoQ from Rs. 3,15,454 crores as of September 30, 2023.

Deposits of the bank increased 3% QoQ from Rs. 3,59,786 crores as of September 30, 2023 to Rs. 3,68,955 crores as of December 31, 2023 and increased by 13% YoY from Rs. 3,25,485 crores as of December 31, 2022.

CASA Ratio was at 38.5% as of December 31, 2023 as against 39.4% as of September 30, 2023 and 42% as of December 31, 2022.

Retail Deposits and Deposits from Small Business Customers amounted to Rs.1,65,353 crores as of 31 December 2023 as compared to Rs.1,57,187 crores as of 30 September 2023.

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. 1601.60 as compared to the previous close of Rs. 1575.00. The total number of shares traded during the day was 30853 in over 2191 trades.

The stock hit an intraday high of Rs. 1605.00 and intraday low of 1558.50. The net turnover during the day was Rs. 48887432.00.

Source : Equity Bulls

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IndusIndBank INE095A01012 Q3FY2024 BusinessUpdate