IndusInd Bank’s loans grow by 3.2% in December quarter

Started by NiveRoshni, Jan 05, 2021, 03:49 PM

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NiveRoshni

IndusInd Bank's loans grow by 3.2% in December quarter



IndusInd Bank said on January 5 that it had seen a provisional loan growth at 3.2 percent as at end December on a quarter-on-quarter (QoQ) basis while deposits grew by 5 percent.

The total loan book grew to Rs 2,07,691 crore at the end of December compared with Rs 2,01,247 crore in the preceding quarter while deposits grew to Rs 2,39,600 crore from Rs 2,28,279 crore in the September quarter, the bank said in a notification to exchanges.

The share of CASA deposits stood at 40.5 percent in December quarter compared with 40.4 percent in the September quarter, the bank said.

On January 4, Yes Bank said its total loans had grown by 1.3 percent in the December quarter to Rs 1,69,050 crore from Rs 1,66,923 crore in the September quarter. Gross retail disbursements in the quarter stood at Rs 7,563 crore, up 109 percent compared with Rs 3,764 crore in the September quarter.

Credit to deposit ratio in the December quarter stood at 115.6 percent as compared with 122.9 percent in the previous quarter. Liquidity coverage ratio, a key financial indicator, stood at 115.5 percent compared with 107.3 percent in the previous quarter.

As against this, Kerala-based CSB Bank managed a Q-O-Q loan growth of 5.2 percent while Karur Vysya logged a 9 percent growth over the quarter in loans. Kerala based Federal Bank said it grew the loan book by 2.3 per cent in the December quarter.


Source : https://www.moneycontrol.com/news/business/indusind-banks-loans-grow-by-3-2-in-december-quarter-6304681.html/amp