HDFC Bank reported that their gross advances were aggregated to 24,69,500 crore as of December 31, 2023, representing a 62.4 per cent increase over the previous year’s total of 15,20,500 crore.
The bank’s gross advances increased by 4.9 per cent YoY to 23.54,600 crore as of September 30, 2023.
Grossing up for transfers via inter-bank participation certificates and rediscounted bills, HDFC Bank‘s advances increased by approximately 60.7 per cent between December 31, 2022 and September 30, 2023, according to a regulatory filing.
HDFC Bank’s deposits climbed by 1.9 per cent to 22.14 billion rupees at the end of the December quarter, up from 21.72 billion rupees at the end of September 2023. Deposits increased by 27.7 per cent YoY.
Retail deposits climbed by 2.9 per cent YoY, while wholesale deposits decreased by 3.4 per cent.
Domestic retail loans increased 111 per centYoY and approximately 3.0 per cent QoQ. Commercial and rural banking loans increased by 6.5 per cent, while corporate and other wholesale loans (excluding non-individual loans from the former HDFC Limited) increased by 2.0 per cent.
In Q3FY24, the bank’s CASA deposits were roughly 8,35,500 crore, representing a 2.2 per cent increase year on year. Retail CASA increased by approximately 10.0 per cent between December 31, 2022 and September 30, 2023.
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As of December 31, 2023, the bank’s CASA ratio was around 37.7 per cent, compared to 44.0 per cent in December 31, 2022 and 37.6 per cent in September 30, 2023.
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