MUMBAI: IndusInd Bank reported a slight year-on-year rise in net advances and deposits for the quarter ended March 2025, even as sequential trends reflected a slowdown in loan growth.
The bank’s net advances stood at Rs. 3.48 lakh crore as of March 31, 2025, up 1.4% from a year ago but down 5.2% from the preceding quarter. The drop in corporate loans comes amid reports that the private lender has raised money by offering its corporate loans to other banks.
Within this, corporate banking saw a 4.9% year-on-year decline and a sharper 15.1% fall on a sequential basis. The consumer business, by contrast, rose 6.3% year-on-year and 3.4% quarter-on-quarter. Total deposits increased 6.8% year-on-year to Rs. 4.11 lakh crore, registering a modest 0.4% growth from the Dec quarter. Retail deposits and those from small business customers dropped slightly to Rs. 1.85 lakh crore, from Rs. 1.89 lakh crore at the end of Dec 2024.
