IndusInd Bank has reported its Q2 FY25 business update, showcasing significant growth across key financial metrics. The bank’s net advances stood at ₹3,56,980 crores as of September 30, 2024, marking a 13% year-on-year (YoY) increase and a 3% rise quarter-on-quarter (QoQ).
Deposits grew to ₹4,12,704 crores, showing a 15% YoY increase and a 4% QoQ rise.
The bank’s Current Account Savings Account (CASA) ratio has seen a slight decline, standing at 35.9% as of September 30, 2024, compared to 39.4% in the previous year and 36.7% in the last quarter.
Retail deposits and deposits from small business customers reached ₹1,81,911 crores as of the end of September 2024, up from ₹1,74,236 crores as of June 2024.
The figures presented in this update are subject to a limited review by the statutory auditors of the bank.
