IndusInd Bank up 6%

about 2 months ago

IndusInd Bank rose almost 6% today to hit an intraday high at Rs.1223 while its 52-week high was at Rs.1275.25 and 10% UC was at Rs.1271.70.

The market sent out a big cheer for the company as its Q2FY23 saw the best deposit growth in five quarters at Rs.3 lakh crore, up 4% (QoQ) and up 15% (YoY).

Net advances rose 5% (QoQ) and up 18% (YoY) at Rs.2,59,647 crore, the best in four quarters.

The CASA ratio was at 42.4% v/s 43.2% (QoQ) and 42.1% (YoY).

Retail Deposits and Deposits from Small Business Customers amounted to Rs.1,29,895 crores as of 30 September 2022 as compared to Rs. 1,24,102 crores as of 30 June 2022.

1178.40 (+5.10)

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