IndusInd Bank trades higher after its deposits up 21% in Q2FY22
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
IndusInd Bank is currently trading at Rs. 1129.75, up by 10.15 points or 0.97% from its previous closing of Rs. 1119.60 on the BSE.
The scrip opened at Rs. 1110.00 and has touched a high and low of Rs. 1136.00 and Rs. 1109.75 respectively. So far 28422 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1189.00 on 24-Sep-2021 and a 52 week low of Rs. 571.10 on 29-Oct-2020.
Last one week high and low of the scrip stood at Rs. 1137.00 and Rs. 1092.70 respectively. The current market cap of the company is Rs. 86693.61 crore.
The promoters holding in the company stood at 16.54%, while Institutions and Non-Institutions held 69.79% and 13.66% respectively.
IndusInd Bank’s deposits grew 21% to Rs 2,75,486 crore as of September 30, 2021 (Q2FY22), as compared to Rs 2,28,279 crore on a yearly basis. Moreover, the deposits stood at Rs 2,67,630 crore as of June 2021(Q1FY22). Net Advance stood at Rs 2,21,821 crore as of September 30, 2021, posting a 10% rise in year-on-year (YoY) terms against Rs 2,01,247 crore as of September 30, 2020 and quarter-on-quarter (QoQ) basis stood at Rs 2,10,727 crore in June 2021.
The CASA Ratio stood at 42.1% as of September 30, 2021 versus 42.1% as of June 30, 2021.
IndusInd Bank is as one of the fastest-growing banks in the banking sector in India.
