IndusInd Bank jumps on witnessing 7% growth in net advances at June end
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IndusInd Bank is currently trading at Rs. 1030.00, up by 9.80 points or 0.96% from its previous closing of Rs. 1020.20 on the BSE.
The scrip opened at Rs. 1021.00 and has touched a high and low of Rs. 1031.30 and Rs. 1015.00 respectively. So far 28182 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1119.20 on 25-Feb-2021 and a 52 week low of Rs. 483.45 on 04-Aug-2020.
Last one week high and low of the scrip stood at Rs. 1031.30 and Rs. 1000.00 respectively. The current market cap of the company is Rs. 79662.88 crore.
The promoters holding in the company stood at 16.55%, while Institutions and Non-Institutions held 69.02% and 14.43% respectively.
IndusInd Bank has witnessed a 7 percent growth in its net advances to more than Rs 2.11 lakh crore at the end of June this year. The net advances stood at Rs 1.98 lakh crore at the end of June 30, 2020.
On a quarter-on-quarter basis, the net advances were down 1 percent from Rs 2.13 lakh crore recorded at the end of March 2021. Deposits registered a jump of 26 per cent to Rs 2.68 lakh crore at the end of the June quarter this fiscal. In the year-ago period, the same stood at Rs 2.12 lakh crore.
IndusInd Bank is as one of the fastest-growing banks in the banking sector in India.
