Biznextindia : India’s leading private sector bank HDFC Bank has reported 14.4 percent (Year on Year) growth in advances at Rs.11,475 crore in Q1 FY22 (April-June 2021) as against Rs.10,033 crore in Q1 of 2020-21.
As per the information submitted by the bank to the stock market, the bank’s domestic retail loans as of June 30, 2021 grew by around 10.5% over June 30, 2020 and remained at a level similar to that as of March 31, 2021. It’s Domestic wholesale loans as of June 30, 2021 grew by around 17.0% over June 30, 2020 and around 2.0% over March 31, 2021.
Among loan categories, retail loans grew by around 9.0% over June 30, 2020 and were lower by around 1.0% as compared to March 31, 2021. Meanwhile, commercial & rural banking loans grew by around 25.0% over June 30, 2020 and around 4.0% over March 31, 2021; and other wholesale loans grew by around 10.5% over June 30, 2020 and around 1.5% over March 31,2021.
On the other hand the Bank’s deposits grew at 13.2 percent YoY to Rs.13,460 crore as against Rs. 11,894 billion as of June 30, 2020. Retail deposits grew by around 16.5% over June 30, 2020 and around 3.5% over March 31, 2021; wholesale deposits remained stable as compared to June 30, 2020, and were lower by around 10.0% as compared to March 31, 2021.
The Bank’s CASA deposits aggregated to approximately Rs. 6,120 billion as of June 30, 2021, a growth of around 28.2% over Rs. 4,774 billion as of June 30, 2020 and degrew by around 0.6% over Rs. 6,157 billion as of March 31, 2021. The Bank’s CASA ratio stood at around 45% as of June 30, 2021, as compared to 40.1% as of June 30, 2020 and 46.1% as of March 31, 2021.
During the quarter ended June 30, 2021, the Bank purchased loans aggregating Rs. 54.89 billion through the direct assignment route under the home loan arrangement with Housing Development Finance Corporation Limited.