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Loan Demand Leads to 25% Jump in IndusInd Bank Net
October 16, 2017
Private sector IndusInd Bank saw its loan book grow by 25% to Rs. 880.10 crores during the second quarter of the current fiscal year. This is mainly contributed to a higher loan demand in the commercial vehicles segment, and a drop in the cost of funds because of almost doubling of its Casa deposits.
The lender said while its net increased by 25%, it led to an increase of the overall growth by 18%, thereby making its market position stronger.
