Wednesday, April 21

HDFC Bank reports 14 pc jump in deposits at Rs 11.32 lakh crore

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HDFC Bank, the second-largest lender in India by deposits, said on Monday its advances aggregated to Rs 11.32 lakh crore as of March 31, marking a growth of 13.9 percent over Rs 9.93 lakh crore a year ago.
It also marked a growth of 4.6 percent over 1.08 lakh crore as of December 31, 2020.

As per regulatory (Basel 2) segment classification, domestic retail loans as of March 31 this year grew by 7.5 per cent over March 31, 2020, and 5 percent over December 31, 2020.

Domestic wholesale loans grew by 21 percent and 4.5 percent over December 31, 2020.
HDFC Bank’s deposits totalled Rs 13.35 lakh crore as of March 31, showing a growth of 16.3 percent over Rs 11.47 lakh crore as of March 31, 2020, and a growth of 5 percent over Rs 12.71 lakh crore as of December 31, 2020.

The bank’s CASA deposits aggregated to Rs 6.15 lakh crore as of March 31, 2021, a growth of 27 percent over 4.8 lakh as of March 31, 2020, and a growth of 12.5 per cent over Rs 5.46 lakh crore as of December 31, 2020.
The lender’s CASA ratio stood at 46 percent as of March 31, 2021, as compared to 42.2 per cent as of March 31, 2020, and 43 per cent as of December 31, 2020.

During the quarter ended March 31 this year, the bank purchased loans aggregating Rs 7,503 crore through the direct assignment route under the home loan arrangement with Housing Development Finance Corporation (HDFC) Ltd. (ANI)