HDFC Bank advances and deposits grow 19% for December quarter
HDFC Bank’s advances grew 19.5 % (YoY) to ₹15,070 billion as on December 31, 2022 versus ₹12,609 billion as on December 31, 2021; and a QoQ growth on around 1.8 % over ₹14,799 billion as on September 30, 2022.
“As per the Bank’s internal business classification, domestic retail loans grew by around 21.5% over December 31, 2021 and around 5.0% over September 30, 2022; commercial & rural banking loans grew by around 30.0% over December 31, 2021 and around 5.0% over September 30, 2022; and corporate & other wholesale loans grew by around 20.0% over December 31, 2021 and were lower by around 1.0% over September 30, 2022,” the bank informed the exchanges in an update.
Meanwhile, the bank’s deposits grew around 19.9% (YoY) to ₹17,335 billion as on December 31, 2022 as compared to ₹14,459 billion as of December 31, 2021. The deposits were up 3.6% (QoQ) over ₹16,734 billion as of September 30, 2022.
The Bank’s CASA ratio stood at around 44% as of December 31, 2022 versus 47.1% as on December 31, 2021 and 45.4% as on September 30, 2022.
“Retail deposits increased by around ₹ 670 billion during the quarter, and grew by around 21.5% over December 31, 2021 and around 5.0% over September 30, 2022; wholesale deposits grew by around 11.5% over December 31, 2021 and were lower by around 2.5% over September 30, 2022,” said the bank.
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Ganesh
http://ganesh@finplay.inFinance enthusiast, Mutual fund expert.