IndusInd Bank Ltd gained for a third straight session today. The stock is quoting at Rs 565.45, up 7.44% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is up around 0.02% on the day, quoting at 10802.1. The Sensex is at 36656.39, down 0.05%. IndusInd Bank Ltd has gained around 21.89% in last one month.

Meanwhile, Nifty Bank index of which IndusInd Bank Ltd is a constituent, has gained around 10.71% in last one month and is currently quoting at 22628, up 1.4% on the day. The volume in the stock stood at 563.78 lakh shares today, compared to the daily average of 368.88 lakh shares in last one month.

The benchmark July futures contract for the stock is quoting at Rs 569, up 7.65% on the day. IndusInd Bank Ltd is down 62.1% in last one year as compared to a 6.52% slide in NIFTY and a 24.94% slide in the Nifty Bank index.

The PE of the stock is 8.26 based on TTM earnings ending March 20.

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Net advances contracted 3.1% in Q1 FY21 from Rs 2,06,783 crore in Q4 March 2020.

Deposits stood at Rs 2,11,970 crore in Q1 FY21, up 6% from Rs 2,00,586 crore in Q1 FY20. On a quarter-on-quarter (QoQ) basis, deposits rose 4.9% in Q1 FY21 from Rs 2,02,040 crore in Q4 FY20.

Retail deposits and deposits from small business customers amounted to Rs 67,318 crore in Q1 FY21, or 31.8% of the total deposits reported during the quarter.

CASA ratio stood at 40.2% as on 30 June 2020 as against 43% as on 30 June 2020 and 40.4% as on 31 March 2020.

IndusInd Bank caters to the needs of both consumer and corporate customers. As of 31 March 2020, the bank's distribution network included 1,911 branches/banking outlets and 2,760 onsite & offsite ATMs across 751 geographic locations.

The bank's consolidated net profit fell 12.32% to Rs 315.25 crore on 21.30% rise in total income to Rs 9,158.80 crore in Q4 March 2020 over Q4 March 2019.

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IndusInd Bank has allotted 6,180 equity shares under ESOS on 24 June 2020.

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IndusInd Bank Ltd fell 5.78% today to trade at Rs 492.95. The S&P BSE BANKEX index is down 3.02% to quote at 22723.22. The index is up 1.41 % over last one month. Among the other constituents of the index, RBL Bank Ltd decreased 4.7% and Kotak Mahindra Bank Ltd lost 4.05% on the day. The S&P BSE BANKEX index went down 34.73 % over last one year compared to the 17.35% fall in benchmark SENSEX.

IndusInd Bank Ltd has added 9.94% over last one month compared to 1.41% gain in S&P BSE BANKEX index and 2.62% rise in the SENSEX. On the BSE, 3.02 lakh shares were traded in the counter so far compared with average daily volumes of 17.27 lakh shares in the past one month. The stock hit a record high of Rs 1601.75 on 12 Jun 2019. The stock hit a 52-week low of Rs 235.6 on 24 Mar 2020.

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