<ul data-eligibleForWebStory="false"><li>IndusInd Bank's net advances fell by 3.1% sequentially to Rs 3.34 lakh crore in the April-June quarter, with a 4% decrease on a yearly basis.</li><li>The bank's corporate banking advances declined significantly by 14.4% YoY and 6.2% QoQ, while consumer business advances saw a slight dip of 0.9% sequentially but rose by 4.8% YoY.</li><li>Deposits at IndusInd Bank also dropped by 3.3% sequentially to Rs 3.97 lakh crore, with retail deposits slightly lower at Rs 1.84 lakh crore. The CASA ratio decreased to 31.49%.</li><li>The decline in advances, deposits, and CASA ratio suggests caution in lending practices amid an ongoing derivative trading scandal affecting investor confidence. The bank's ability to restore trust and stabilize its financial performance will be crucial moving forward.</li></ul>

IndusInd Bank Q1 Update: Net Advances Slip 3% Amid Accounting Fraud Fallout

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