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Indusind Bank’s Q3 net advances rise marginally

05 Jan 2021 Evaluate

IndusInd Bank has reported rise in net advances to Rs 2,07,691 crore as of December 31, 2020 (Q3FY21), a  marginal growth of 0.13% as compared to Rs 2,07,413 crore as of December 31, 2019. The Bank’s deposits also increased to Rs 2,39,600 crore in December 31, 2020, with growth of 11% as compared to Rs 2,16,713 crore as of December 31, 2019. The Bank had a current and savings account (CASA) ratio of 40.5% as on December 31, 2020, compared to 40.4% as on September 30, 2020 and 42.4% as on December 31, 2019.

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

Peers
Company Name CMP
HDFC Bank 705.00
ICICI Bank 1333.00
Axis Bank 1223.95
Kotak Mahindra Bank 416.30
Indusind Bank 882.30
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