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On quarter on quarter (QoQ) basis, net advances grew by 5% as against Rs 3,01,317 crore posted on 30 June 2023.
The bank reported a 14% growth in deposits to Rs 3,59,819 crore as of 30 September 2023 from Rs 3,15,921 crore as of 30 September 2022 and a rise of 4% over Rs 3,47,347 crore as of 30 June 2023.
CASA ratio reduced to 39.4% as of 30 September 2023 compared with 42.4% as of 30 September 2022 and 39.9% as of 30 June 2023.
The retail deposits and deposits from small business customers amounted to Rs 1,57,178 crore as of 30 September 2023 as compared to Rs 1,50,691 crore as of 30 June 2023, recording a growth of 4.3%.
IndusInd Bank caters to both consumer and corporate customers. As of 30 June 2023, the bank's distribution network included 2,606 branches/ banking outlets and 2,875 onsite and offsite ATMs, as against 2,286 branches/banking outlets and 2783 onsite and offsite ATMs. The client base stood at approximately 35 million as on 30 June 2023.
The bank's standalone net profit surged 32.45% to Rs 2,123.62 crore on 27.98% rise in total income to Rs 12,939.42 crore in Q1 FY24 over Q1 FY23.
The scrip rose 0.30% to currently trade at Rs 1,433.10 on the BSE.
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