INSUBCONTINENT EXCLUSIVE:
Shares of IndusInd Bank jumped 20 per cent in Tuesday's trade after the lender said its net advances jumped 13 per cent to Rs 2,09,914 crore
as of March 31.
The bank had net advances of Rs 2,07,413 crore as of December 31 and Rs 1,86,393 crore a year ago.
The stock soared 20 per
cent to hit a high of Rs 375.90 on BSE.
The private lender said its deposits jumped 4 per cent year-on-year to Rs 2,16,713 crore from Rs
1,94,868 crore.
CASA ratio, the bank said stood at 40.5 per cent compared with 42.4 per cent as of December 31, and 43.1 per cent a year-ago
quarter.
Liquidity coverage ratio stood at 112 per cent compared with 111 per cent a year-ago, the bank said.
Meanwhile, India Ratings has
