IndusInd Bank Q4 Updates: Net Advances Down 5.2% QoQ, Deposits Flat

IndusInd Bank logged a 5.2% sequential decline in its net advances to Rs 3.48 lakh crore in the quarter ended March 31, 2025, as per the quarterly business updated posted by the private lender on Friday.

In the three-month period ended Dec. 31, 2024, its net advances had stood at Rs 3.67 lakh crore.

On a year-on-year basis, IndusInd Bank's net advances rose by 1.4% during the final quarter of the fiscal year, as compared to Rs 3.43 lakh crore in the year-ago period.

The net advances for corporate banking slipped 15.1% sequentially and 4.9% on yearly basis, the bank said.

The lender, which flagged accounting discrepancy related to its derivatives portfolio last month, saw its deposits standing nearly flat sequentially at the end of March quarter.

The deposits stood at Rs 4.11 lakh crore, up only 0.4% compared to Rs 4.09 lakh crore in the preceding December quarter. However, they rose 6.8% as against Rs 3.85 lakh crore in the year-ago period.

Retail deposits and deposits from small business customers amounted to Rs 1.85 lakh crore in the fourth quarter, down 1.9% as compared to Rs 1.88 lakh crore as of Dec. 31, 2024.

Notably, IndusInd Bank issued certificates of deposits worth over Rs 16,500 crore in fiscal 2025. This came as fears of deposit outflows intensified at the bank. A large chunk of this was raised after March 10, when the bank disclosed that it had identified accounting discrepancies in its derivatives portfolio. According to the bank the financial impact of this discrepancy will represent approximately 2.35% of IndusInd Bank’s net worth as of Dec. 31. That adds up to Rs 1,500-2,000 crore.

RBI had issued a rare clarification on March 15, assuring depositors about the lender’s stability.

Meanwhile, the quarterly business updates released by IndusInd Bank also showed that the lender's current and savings account ratio stood at 32.8% as of Mar. 31, lower as compared to 34.9% in the preceding quarter and 37.9% in the year-ago period.

Shares of IndusInd Bank closed 3.83% lower at Rs 682.25 apiece on the BSE, compared to 1.22% decline in the benchmark Nifty 50.