IndusInd Bank Q3: Advances Plunge 13%, CASA Ratio Dips; Shares Under Scrutiny

• IndusInd Bank's Q3 provisional update shows sluggishness in key financial figures.
• Net advances fell 13.1% YoY to ₹3.18 lakh crore, and 2.2% QoQ.
• CASA ratio declined to 30.3% from 34.9% YoY, indicating pressure on low-cost deposits.
• Net deposits decreased 3.8% YoY but rose 1.1% QoQ to ₹3.94 lakh crore.
• Bank shares closed down 0.51% on Monday, with a 7.44% decline over the past year.

Why It Matters: IndusInd Bank's Q3 provisional update reveals significant declines in advances and CASA ratio, raising concerns.