IndusInd Bank stock is expected to remain in the spotlight on Monday. This comes as the bank reported net advances of Rs 3,56,980 crore as on September 30, 2024, compared to Rs 3,15,454 crore for the year, a 13% year-on-year increase. be. previous era. On a quarter-on-quarter basis, it increased by 3% against the loan amount of Rs 3,47,898 crore in Q1FY25.
Deposits grew by 15% year-on-year to Rs 4,12,704 crore as on September 30, 2024, as against Rs 3,59,786 crore in the same period last year. It recorded a growth of 4% compared to the previous quarter.
This information was shared by IndusInd Bank with exchanges as part of its Q2 FY25 update. Detailed earnings will be announced later.
CASA for the reporting quarter was 35.9%, compared to 39.4% in Q2 FY2024 and 36.7% in Q1 FY2025.
IndusInd Bank stock ended flat at Rs 1,388 on the NSE today with a slightly positive bias.
The private lender has reported consolidated profit after tax (PAT) of Rs 2,171 crore for the quarter ended June 30, 2024, which is higher than the Rs 2,171 crore reported by the lender in the same period last year. It was 2% higher than Rs 24 million. Net interest income (NII) grew 11% year-on-year to Rs 5,408 billion from Rs 4,867 billion in the same period last year. Net interest margin (NIM) remained stable at 4.25% in Q1FY25 compared to 4.29% in Q1FY24. 4.26% in the fourth quarter of FY2014. Gross non-performing assets (NPA) ratio and net NPA ratio were 2.02% and 0.60%, respectively, up from 1.94% and 0.58%, respectively, year-on-year, while PCR was reported at 71% as of June 30, 2024. .
The equity to risk-weighted assets ratio as of June 30, 2024 was 17.55% and as of June 30, 2023 it was 18.40%.
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