IndusInd Bank shines on reporting 21% rise in net advances during Q1FY24
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IndusInd Bank is currently trading at Rs. 1407.00, up by 39.65 points or 2.90% from its previous closing of Rs. 1367.35 on the BSE.
The scrip opened at Rs. 1370.00 and has touched a high and low of Rs. 1410.25 and Rs. 1370.00 respectively. So far 67658 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1,410.25 on 05-Jul-2023 and a 52 week low of Rs. 789.75 on 13-Jul-2022.
Last one week high and low of the scrip stood at Rs. 1410.25 and Rs. 1336.05 respectively. The current market cap of the company is Rs. 108235.79 crore.
The promoters holding in the company stood at 16.50%, while Institutions and Non-Institutions held 69.06% and 14.45% respectively.
IndusInd Bank has reported 21% rise in net advances to Rs 3,01,041 crore as of June 30, 2023 (Q1FY24) as compared to Rs 2,47,960 crore as of June 30, 2022 and in quarter-on-quarter (QoQ) basis stood at Rs 2,89,924 crore as of March 2023. Its deposits grew 15% to Rs 3,47,356 crore as of June 30, 2023, as compared to Rs 3,03,078 crore on a yearly basis. On a quarterly basis, the deposits stood at Rs 3,36,438 crore as of March 2023. CASA Ratio stood at 39.9% as of June 30, 2023 as compared to 40.1% as of March 31, 2023.
IndusInd Bank is one of the fastest-growing banks in the banking sector in India.
