IndusInd Bank's Q2 business update showed loan growth recovery and higher deposits; Goldman Sachs maintained a neutral rating

Tue 6 Oct 2026

Net advances growth

11.2 percent

Net advances

3.62 lakh crore rupees

Deposit growth

10 percent

CASA ratio

28.0 percent

Prior year CASA ratio

30.7 percent

Heard on business television between 08:22:05 - 08:25:05 IST.

• Loan growth recovered sharply versus year-on-year loan de-growth; stronger deposit mobilization year-on-year.
• CASA ratio under pressure despite overall deposit growth; retail and small business deposits grew 16.5% YoY.
• Net advances up 11.2% at 3.62 lakh crores; deposits up 10%; CASA ratio at 28.0% versus 30.7%, down 70 basis points.
• Mobilized FCNR(B) deposits worth 33,627 crores; outstanding Gift City branch loans against FCNR(B) deposits at 16,564 crores; outstanding SBLC against deposits at 4,772 crores.
• Goldman Sachs maintained neutral rating with target price of 1,020, citing loan growth pick up, muted deposit growth, asset quality stress largely behind, and valuations already discounting recovery.

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