IndusInd Bank Ltd. reported a sequential decline in both advances and deposits as of the quarter ended Sept. 30. (Photo: NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

IndusInd Bank Ltd. reported a sequential decline in both advances and deposits as of the quarter ended Sept. 30, the bank said in an exchange filing on Saturday. The quarterly update comes just ahead of the lender’s second-quarter results, which are expected by late October.

As of the quarter ended Sept. 30, net advances were Rs 3.3 lakh crore, down 2% on a sequential basis from the preceding quarter. Deposits were Rs 3.9 lakh crore, also down 2% quarter on quarter. The bank’s current and savings account ratio stood at 30.8% as of Sept. 30, compared with 31.5% in the prior quarter.

The filing

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