IndusInd Bank has disclosed its financial performance for the quarter ending December 31, 2024, showing a year-on-year growth in net advances and deposits. The bank’s net advances increased by 12% to Rs. 3.67 lakh crore, compared to Rs. 3.27 lakh crore on December 31, 2023. This marks a quarterly growth of 3% from September 30, 2024, when net advances stood at Rs. 3.57 lakh crore.
Deposits also saw an 11% year-on-year rise, reaching Rs. 4.09 lakh crore as of December 31, 2024, compared to Rs. 3.68 lakh crore in the same period of the previous year. However, the bank experienced a slight quarter-on-quarter decline of 1%, with deposits at Rs. 4.12 lakh crore as of September 30, 2024.
The bank’s CASA (Current Account Savings Account) ratio stood at 34.9%, a slight decrease from 35.9% in Q3 2024 and 38.5% in Q4 2023. Retail deposits and deposits from small business customers amounted to Rs. 1.88 lakh crore at the end of December 2024, up from Rs. 1.81 lakh crore in September 2024.
These figures are provisional and subject to review by the statutory auditors of IndusInd Bank.
