NEW DELHI : Private sector lender IndusInd Bank has reported a 7 per cent decline in deposits during the March quarter due to withdrawals triggered by the Yes Bank crisis.
Deposit base of the bank declined to ₹2,02,303 crore in the quarter ended March as against ₹2,16,713 crore in the previous quarter, the bank said in a late-night regulatory filing on Monday.
As a result, the bank's current account savings account (CASA) ratio slipped to 40.5 per cent during the fourth quarter of 2019-20 from 42.4 per cent in the third quarter.
On concerns of financial health, IndusInd Bank, promoted by Hinduja Group, has seen withdrawal of bulk deposits from the banks after the Reserve Bank of India (RBI) superseded the board of Yes Bank in the early