On sequential basis, the bank’s net advances rose 1% from Rs 3,43,298 crore as on 31 March 2024.
The bank reported a 15% growth in deposits to Rs 3,98,632 crore as of 30 June 2024 from Rs 3,47,347 crore as of 30 June 2023 and a rise of 4% as compared to Rs 3,84,793 crore as of 31 March 2024.
CASA ratio reduced to 36.7% as of 31 June 2024 as against 39.9% as of 30 June 2023 and 37.9% as of 31 December 2023.
The retail deposits and deposits from small business customers amounted to Rs 1,74,245 crore as of 30 June 2024 as compared to Rs 1,69,457 crore as of 31 March 2024, recording a growth of 2.82%.
IndusInd Bank caters to both consumer and corporate customers. As of 31 March 2024, the Bank’s distribution network included 2,984 branches/ Banking outlets and 2,956 onsite...