IndusInd Bank share price rose in early trade ahead of the lender's Q4 earnings to be announced later in the day. Share price of IndusInd Bank rose 6.11% intraday to Rs 401.5. Earlier, shares of IndusInd Bank opened 3.15% higher at Rs 395.15 on BSE.
Share price of IndusInd Bank has gained after 2 days of consecutive fall. However, it has fallen over 3.26% in one month and 73.68% since the beginning of the year. It has lost 76.56% in the last one year.
IndusInd Bank share price currently trades higher than higher than 20 day moving averages but lower than 5 day, 50 day, 100 day and 200 day moving averages.
The lender's net advances rose 12.6% year-on-year to Rs 2,09,914 crore as of March 31, 2020, as against Rs 1,86,393 crore in a year-ago period. The lender reported 1% monthly jump from Rs 2,07,413 crore recorded as of December 31, 2019.
The bank's deposits rose 3.8% y-o-y to Rs 2,16,713 crore from Rs 1,94,868 crore. However, they declined 6.7% on a quarterly basis.
The filing further added bank's CASA (Current and Savings Account ratio) ratio stood at 40.5% compared with 42.4% as of December 31, and 43.1% a year-ago quarter.