Mumbai : HDFC on Thursday said its gross advances aggregated to approximately ₹ 25,080 billion as of March 31, 2024, a growth of around 55.4% over ₹ 16,142 billion as of March 31, 2023 and a growth of around 1.6% (₹ 387 billion) over ₹ 24,693 billion as of December 31, 2023. Grossing up for transfers through inter-bank participation certificates and bills rediscounted, the Bank’s advances grew by around 53.8% over March 31, 2023 and around 1.9% (₹ 472 billion) over December 31, 2023.
As per the Bank’s internal business classification, domestic retail loans grew by around 108.9% over March 31, 2023 and around 3.7% (₹ 437 billion) over December 31, 2023; commercial & rural banking loans grew by around 24.6% over March 31, 2023 and around 4.2% (₹ 323 billion) over December 31, 2023; corporate & other wholesale loans (excluding non-individual loans of the erstwhile HDFC Limited) grew by around 4.1% over March 31, 2023 and were lower by around 2.2% (₹ 98 billion) over December 31, 2023. 2) The Bank’s deposits aggregated to approximately ₹ 23,800 billion as of March 31, 2024, a growth of around 26.4% over ₹ 18,834 billion as of March 31, 2023 and a growth of around 7.5% (₹ 1,660 billion) over ₹ 22,140 billion as of December 31, 2023. Retail deposits grew by around 27.8% over March 31, 2023 and around 6.9% (₹ 1,280 billion) over December 31, 2023; wholesale deposits grew by around 19.4% over March 31, 2023 and around 10.9% (₹ 380 billion) over December 31, 2023. 3) The Bank’s CASA deposits aggregated to approximately ₹ 9,090 billion as of March 31, 2024, a growth of around 8.7% over ₹ 8,360 billion as of March 31, 2023 and around 8.8% (₹ 734 billion) over ₹ 8,356 billion as of December 31, 2023. Retail CASA grew by around 8.8% over March 31, 2023 and grew by around 6.3% (₹ 479 billion) over December 31, 2023. The Bank’s CASA ratio stood at around 38.2% as of March 31, 2024, as compared to 44.4% as of March 31, 2023 and 37.7% as of December 31, 2023.