HDFC Bank, the largest private sector bank in India, reported gross advances of ₹25.08 lakh crore as on March 31, registering a growth of about 55.4% over ₹16.14 lakh crore till March 31.
On a sequential basis, HDFC Bank’s advances grew 1.6% from ₹24.69 lakh crores in December 2023.
Earning for transfers through interbank participation certificates and discounted invoices, the bank’s advances grew by about 53.8% over March 31, 2023 and about 1.9% ( ₹472 billion) during December 31, 2023, HDFC Bank said in a BSE filing on Thursday.
It should be noted that HDFC Bank was merged with HDFC Limited on July 1, 2023, and the data for the period ended March 31, 2024, is from the merged entity.
The lender’s domestic retail loans grew by around 108.9% year-on-year (YoY) and around 3.7% quarter-on-quarter (QoQ), while commercial and rural bank loans grew by around 24.6% YoY and 4.2% QoQ.
HDFC Bank’s deposits have aggregated to approx ₹23.80 lakh crore in Q4FY24, increasing by 26.4% YoY and 7.5% QoQ. Retail deposits grew by 27.8% YoY and 6.9% QoQ, while wholesale deposits grew by 19.4% YoY and around 10.9% sequentially.
The bank’s CASA deposits in the fourth quarter of FY24 rose 8.7% to ₹9.09 lakh crores of ₹8.36 lakh crore in March 2023. The sequential growth in CASA deposits was 8.8%
Retail CASA grew around 8.8% YoY and grew around 6.3% QoQ.
CASA ratio was around 38.2% on March 31, 2024, compared to 44.4% on March 31, 2023, and 37.7% on December 31, 2023.
At 9:20 am, HDFC Bank shares were trading 2.82% higher at ₹1,524.35 apiece on the BSE.
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Published: 04 Apr 2024, 09:24 IST