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IndusInd Bank reported a sharp sequential recovery in Q2FY27

ICICIdirect Research 06 Oct 2026 DISCLAIMER

News: IndusInd Bank reported a sharp sequential recovery in Q2FY27, with net advances rising to ₹3,62,393 crore, up 11.2% YoY (11.1% QoQ). Deposits increased to ₹4,29,038 crore, up 10.1% YoY (3.4% QoQ), while the CASA ratio moderated to 28.0% (vs 29.4% in Q1FY27). Retail deposits and deposits from small business customers stood at ₹2,14,504 crore, compared with ₹1,93,591 crore in Q1FY27.

View: The sharp sequential rebound in advances is encouraging after the weakness seen in preceding quarters, although deposit growth lagged materially and the CASA ratio continued to moderate. FCNR(B) mobilisation provided additional liquidity and supported balance-sheet growth. Sustaining the recovery in core deposits alongside loan growth will therefore remain the key monitorable.

Impact: Neutral

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