HDFC Bank Q3 advances grow 16.4% yoy to Rs12,600 billion

4 Jan 2022 , 03:16 PM

HDFC Bank Limited informed the exchanges Tuesday, that Bank advances aggregated to ~Rs12,600 billion in the quarter ended December 31, 2021 (Q3), a growth of around 16.4% over Rs10,823 billion as of December 31, 2020, and a growth of around 5.1% over Rs11,988 billion as of September 30, 2021.

As per the Bank’s internal business classification, retail loans grew by around 13.5% over December 31, 2020, and around 4.5% over September 30, 2021; commercial & rural banking loans grew by around 29.5% over December 31, 2020, and around 6.0% over September 30, 2021; and corporate & other wholesale loans grew by around 7.5% over December 31, 2020, and around 4.5% over September 30, 2021.

The Bank’s deposits aggregated to approximately Rs14,460 billion as of December 31, 2021, a growth of around 13.8% over Rs12,711 billion as of December 31, 2020 and a growth of around 2.8% over Rs14,063 billion as of September 30, 2021.

Retail deposits grew by around 17.0% over December 31, 2020 and around 4.0% over September 30, 2021; wholesale deposits grew by around 1.0% over December 31, 2020 and were lower by around 1.5% over September 30, 2021.

The Bank’s CASA deposits aggregated to approximately Rs6,810 billion as of December 31, 2021, a growth of around 24.6% over Rs5,467 billion as of December 31, 2020 and a growth of around 3.5% over Rs6,582 billion as of September 30, 2021. The Bank’s CASA ratio stood at around 47% as of December 31, 2021, as compared to 43.0% as of December 31, 2020 and 46.8% as of September 30, 2021.

During the quarter ended December 31, 2021, the Bank purchased loans aggregating Rs74.68 billion through the direct assignment route under the home loan arrangement with Housing Development Finance Corporation Limited.

Towards close of trade on Tuesday, HDFC Bank Ltd was trading at Rs1,528.50 per piece up by Rs8.8 or 0.58% from its previous closing of Rs1,519.70 per piece on the BSE.