IndusInd Bank has witnessed a 7 percent growth in its net advances to more than Rs 2.11 lakh crore at the end of June this year. The net advances stood at Rs 1.98 lakh crore at the end of June 30, 2020.
On a quarter-on-quarter basis, the net advances were down 1 percent from Rs 2.13 lakh crore recorded at the end of March 2021. Deposits registered a jump of 26 per cent to Rs 2.68 lakh crore at the end of the June quarter this fiscal. In the year-ago period, the same stood at Rs 2.12 lakh crore.
IndusInd Bank is as one of the fastest-growing banks in the banking sector in India.