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Business Update | IndusInd Bank Q3 CASA ratio hits 8-quarter high

IndusInd Bank’s loan growth has benefitted from the base effect on a year-on-year basis. 

Here are some highlights: 

–Deposits at Rs 2,84,835 crore, up 18.9 percent on a year-on-year (YoY) basis and 3.4 percent on a quarter-on-quarter (QoQ) basis. 

–Advances at Rs 2,28,128 crore, up 10.4 percent YoY (Q3 FY21 at -0.14 percent YoY), 3.32 percent QoQ (industry growth rate at 3.26 percent QoQ)

–CASA ratio at 8-quarter high, at 42.2 percent vs 42.09 percent QoQ

–Retail deposits at Rs 1,13,615 crore, up 1.67 percent QoQ

–Credit-deposit ratio declines to 80.1 percent vs 86.5 percent YoY, 80.2 percent QoQ

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