HDFC Bank, nation’s largest private sector lender reported its gross advances had increased significantly, by 57.7 per cent, to reach 23.54 lakh crore as of September 30, 2023, up from 14.93 lakh crore the previous year.
As of September 30, 2023, HDFC Bank’s deposits totaled roughly 21.73 lakh crore, up from 16.73 lakh crore at that time by about 29.9 per cent.
According to a regulatory filing made by HDFC Bank on October 4, the bank’s domestic retail loans increased by approximately 111.5 per cent year over year (YoY), while commercial and rural banking loans increased by approximately 29.5 per cent YoY and corporate and other wholesale loans increased by 8 per cent YoY.
The lender said that the bank reported its biggest ever home loan disbursals following the merger with the parent company HDFC Ltd, coming in at close to 48,000 crore.
This is an increase of 10.5 per cent over the quarter ending September 30, 2022, and 14.0 per cent over the quarter ending June 30, 2023, it said. As of September 30, the non-individual loans of the formerly HDFC Limited (eHDFCL) totaled about 1.02 lakh crore.
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Current account and savings account (CASA) deposits at the bank increased by 7.6 per cent in Q2 FY24 from Q2 FY23 to roughly $8.17 lakh crore. As of last year, the CASA ratio was about 37.6 per cent as opposed to 45.4 per cent.
