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Indusind Bank’s Q2 net advances rise 2%

06 Oct 2020 Evaluate

IndusInd Bank has reported rise in net advances to Rs 2,00,242 crore as of September 30, 2020 (Q2FY21), a  marginal growth of 2% as compared to Rs 1,97,113 crore as of September 30, 2019. The Bank’s deposits also increased to Rs 2,28,460 crore in September 30, 2020, with growth of 10% as compared to Rs 2,07,193 crore as of September 30, 2019. The Bank had a current and savings account (CASA) ratio of 40.4% as on September 30, 2020, compared to 40.1% as on June 30, 2020 and 41.4% as on September 30, 2019.

IndusInd Bank is as one of the fastest-growing banks in the banking sector in India.

Peers
Company Name CMP
HDFC Bank 692.10
ICICI Bank 1395.00
Axis Bank 1214.05
Kotak Mahindra Bank 430.10
Indusind Bank 835.00
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