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IndusInd Bank Q3 shows decline in advances
IndusInd Bank’s Q3 gross advances declined 13% year on year, with deposits steady and CASA ratio falling further.
IndusInd Bank reported a 13% year-on-year decline in gross advances for the third quarter, reflecting moderation in lending activity. Total deposits remained steady during the period, though the CASA ratio slipped further as current and savings account share contracted. The bank continued to manage its loan book amid evolving credit demand dynamics across retail and corporate segments.