IndusInd Bank Net Advances Up 4% In Q1
Money & Banking
The IndusInd Bank scrip gained over 3 per cent on the BSE on Monday after the private sector lender reported a 6 per cent increase in deposits and a 4 per cent increase in net advances in the first quarter of the fiscal.
In a regulatory filing on July 5, IndusInd Bank said its net advances rose to ₹2,00,357 crore as on June 30, 2020 from ₹1,93,520 crore a year ago. However, it was lower than in March 31, 2020, when net advances amounted to ₹2,06,783 crore.
Its deposits rose to ₹2,11,970 crore at the end of the first quarter of the fiscal, compared with ₹2,00,586 crore a year ago. Retail deposits and deposits from small business customers amounted to ₹67,318 crore in the quarter under review, it said.
The lender had a CASA ratio of 40.2 per cent as on June 30, 2020 versus 40.4 per cent as on March 31, 2020 and 43 per cent as on June 30, 2019.
Published on
July 06, 2020
The IndusInd Bank scrip gained over 3 per cent on the BSE on Monday after the private sector lender reported a 6 per cent increase in deposits and a 4 per cent increase in net advances in the first quarter of the fiscal.
In a regulatory filing on July 5, IndusInd Bank said its net advances rose to ₹2,00,357 crore as on June 30, 2020 from ₹1,93,520 crore a year ago. However, it was lower than in March 31, 2020, when net advances amounted to ₹2,06,783 crore.
Its deposits rose to ₹2,11,970 crore at the end of the first quarter of the fiscal, compared with ₹2,00,586 crore a year ago. Retail deposits and deposits from small business customers amounted to ₹67,318 crore in the quarter under review, it said.
The lender had a CASA ratio of 40.2 per cent as on June 30, 2020 versus 40.4 per cent as on March 31, 2020 and 43 per cent as on June 30, 2019.
Published on
Military Community Shows Financial Resilience, Growing Savings By 19% And Cutting Credit Card Balances By 23% Over Last Five Years, New USAA Bank Data Shows
USAA’s Military Financial Wellbeing Index highlights the impact of pandemic-era trends and inflation on service member... Read more
USAA Announces Scholarship For Military Spouses With Valero Alamo Bowl
San Antonio-area military spouses qualify to apply for a $7,500 scholarship. Read more
USAA Ranked #1 In Customer Satisfaction And Most Trusted On 2024 J.D. Power Individual Annuity Study
Nov 01 2024 SAN ANTONIO – USAA, a leading provider of insurance, banking, and retirement... Read more
USAA Calls For National Moment Of Veteran Connection On Veterans Day
On Nov. 11, “Connect with a Veteran” calls for all Americans to “Go Beyond Thanks” to show appreciation for thei... Read more
Two Way Street: New Survey From USAA Shows Driving Apps Help Connect Parents And Young Drivers On Importance Of Safe Driving, Leading To Safer Roads
Data Reveals 87% of App-Using Parents Feel Their Child’s Driving Improved, Citing Increased Awareness and Feedback Read more
USAA Named UTSA Athletics Official Military Appreciation Partner
Exciting new initiatives planned as part of partnership Read more