Stock to watch: IndusInd Bank shares in focus as net advances jump 13% YoY, deposits rise 15% in Q2FY25
IndusInd Bank are expected to remain in focus on Monday as the lender reported net advances at Rs 3,56,980 crore as on September 30, 2024, reporting a 13% year-on-year jump versus Rs 3,15,454 crore in the year ago period. On a sequential basis, it was up by 3% as against Rs 3,47,898 crore posted by the lended in Q1FY25.
The deposits grew 15% YoY to Rs 4,12,704 crore as on September 30, 2024 versus Rs 3,59,786 crore in the year ago period. On the quarter-on-quarter basis, the growth was recorded at 4%.
The information was shared by IndusInd Bank to the exchanges as part of its Q2FY25 updates. The detailed earnings will be announced later.
The CASA for the reporting quarter stood at 35.9% versus 39.4% in Q2FY24 and 36.7% in Q1FY25.
Shares of IndusInd Bank today ended flat at Rs 1,388 on the NSE, though the bias was slightly positive.
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