NEWS

IndusInd Bank raises $3.5bn in FCNR deposits; posts double-digit biz growth in Q2

IndusInd Bank’s net advances rise 11.2% YoY to Rs 3.62 lakh crore in Q2; deposits up 10.1% to Rs 4.29 lakh crore.


Private lender IndusInd Bank posted an 11.2% year-on-year growth in net advances to Rs 3.62 lakh crore in the July-September quarter.

Deposits rose 10.1% YoY to Rs 4.29 lakh crore as on 30 September, according to provisional business update figures released by the bank. 

The lender’s current account savings account (CASA) ratio stood at 28% as of September 30, compared with 29.4% in June 2026 and 30.7% a year ago.

The bank mobilised $3.51 billion (Rs Rs 33,627 crore) in foreign currency non-resident (Bank), or FCNR(B), deposits under the Reserve Bank of India's forex swap facility.

As of 30 September, the outstanding loan extended from the bank's Gift City branch against these deposits stood at $1.73 billion (Rs 16,564 crore). 

Additionally, the bank issued standby letters of credit worth $0.50 billion (Rs 4,772 crore) outstanding against FCNR(B) deposits.

More...