Election, heatwave impact bring down IndusInd Bank’s Q1 disbursements

The bank grew its total loans by 15% on year to Rs 3.48 lakh crore. It grew only 1% sequentially as loan growth in the microfinance book fell by more than 5% while growth in credit cards was almost flat. Corporate loans were up 12.8% on year to Rs 1.57 lakh crore.
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