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.
The private lender had reported a consolidated profit after tax (PAT) of Rs 2,171 crore for the quarter ended June 30, 2024, which was up by 2% over Rs 2,124 crore reported by the lender in the year-ago period. The net interest income (NII) grew by 11% YoY to Rs 5,408 crore from Rs 4,867 crore in the year-ago period.The net interest margin (NIM) was stable at 4.25% in Q1 FY25 as against 4.29% in Q1 FY24 and 4.26% in Q4 FY24.Gross non-performing assets (NPA) and Net NPA ratios stood at Rs 2.02% and 0.60%, respectively, up from 1.94% and 0.58% YoY, respectively while PCR was reported at 71% as of June 30, 2024.
Capital to risk-weighted asset ratio as of June 30, 2024, stood at 17.55% as compared to 18.40% of June 30, 2023.
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