Funding and debt▲ Bullish for IndusInd Bank
IndusInd Bank Q2 Update: Net Advances Rise 11.2%; Rs 33,000 Crore Mobilised Via FCNR(B) Deposits
The brief
- Net advances rose 11.2% in Q2
- The bank mobilised $3.51 billion in FCNR(B) deposits under the RBI’s deposit swap facility
- Deposit mobilisation and loan growth are key signals for IndusInd Bank investors