HDFC Bank logs growth of 13.10% y-o-y to Rs 16.15 lakh crore

5 Jul 2023 , 12:08 PM

HDFC Bank, the country’s largest private lender, increased its advances by 15.8% y-o-y to approximately Rs 16.15 lakh crore as of June 30, 2023, up from Rs 13.95 lakh crore as of June 30, 2022.

According to an exchange filing, the bank’s advances increased by approximately 20.2% over June 30, 2022, and approximately 1.9% over March 31, 2023, net of transfers through inter-bank participation certificates and bills rediscounted.

Deposits increased 19.2% year-on-year to Rs 19,13,000 crore in Q1FY24, compared to Rs 16,04,800 crore in Q1FY23. According to the filing, they are up 1.6% year-on-year. In the fiscal quarter ended March 31, 2023, deposits totaled Rs 18,83,400 crore.

Retail deposits increased by approximately Rs 38,000 crore during the quarter under review, growing by approx. 21.5% y-o-y and approximately 2.5% QoQ. Wholesale deposits increased by about 9% year-on-year while decreasing by about 2.5% QoQ.

As of June 30, 2023, the bank’s CASA deposits totaled approximately Rs 8,13,000 crore, an increase of 10.7% year-on-year but a decrease of 2.7% QoQ. The retail CASA increased by 11% y-o-y in Q1FY24 over Q1FY23 but fell by 2% year-on-year. In the said quarter, the bank’s CASA ratio was around 42.5%, compared to 45.8% in Q1FY23 and 44.4% in Q4FY23.

At around 11.57 AM, HDFC Bank was trading 2.93% lower at Rs 1,677.50 per piece, against the previous close of Rs 1,728.20 on NSE. The counter touched an intraday high and low of Rs 1,720 and Rs 1,668.55, respectively.

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