India's IndusInd Bank posts flat quarterly deposit growth amid accounting lapse
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 04 2025
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Source: Reuters
Loan and Deposit Growth: IndusInd Bank reported a 5.2% drop in fourth-quarter loan growth and flat deposit expansion, following an accounting lapse that created a $175 million deficit in its balance sheet, raising governance concerns.
Financial Performance and Strategy: Despite challenges, including elevated bad loans and a decrease in the CASA ratio, the bank expects to report a profit for the fourth quarter and financial year 2025, bolstered by a significant increase in higher-cost bulk deposits.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
