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Indusind Bank reports 18% rise in net advances in Q4FY24

05 Apr 2024 Evaluate

Indusind Bank has reported 18% rise in net advances to Rs 3,42,857 crore (Provisional) as of March 31, 2024 (Q4FY24) as compared to Rs 2,89,924 crore in Q4FY23. In Q3FY24, net advances stood at Rs 3,27,057 crore.  Its deposits grew 14% to Rs 3,84,789 crore (Provisional) in Q4FY24 as compared to Rs 3,36,438 crore in Q4FY23. CASA Ratio stood at 37.9% as of March 31, 2024 as compared to 40.1% as of March 31, 2023.

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

Peers
Company Name CMP
HDFC Bank 719.35
ICICI Bank 1305.50
Axis Bank 1214.00
Kotak Mahindra Bank 419.80
Indusind Bank 880.00
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