IndusInd Bank's net advances up 7%

IndusInd Bank witnessed a seven per cent growth in its net advances to more than Rs2.11 lakh crore at the end of June this year, according to a regulatory filing. The net advances stood at Rs 1.98 lakh crore at the end of June 30, 2020. On a quarter-on-quarter basis, the net advances were down 1 per cent from Rs 2.13 lakh crore recorded at the end of March 2021, the bank said in the regulatory filing on Monday.

Deposits registered a jump of 26 per cent to Rs 2.68 lakh crore at the end of the June quarter this fiscal. In the year-ago period, the same stood at Rs 2.12 lakh crore. Out of the total amount, retail deposits and deposits from small business customers amounted to Rs 1.06 lakh crore in the latest June quarter compared to Rs 95,811 crore in the year-ago period. Bank's CASA (Current Account Savings Account) ratio stood at 42.1 per cent as of June 2021, up from 40.1 per cent in the same period a year ago. Shares of IndusInd Bank gained over 1 per cent to close at Rs 1,020.20 apiece on BSE.

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