Strong commercial, rural loans lift HDFC Bank’s total Advances by 16%

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Biznextindia : HDFC Bank has reported 16.4% YoY growth in its advances at Rs.12,600 as of December 31, 2021 over ₹ 10,823 billion as of December 31, 2020 and a growth of around 5.1% over ₹ 11,988 billion as of September 30, 2021. The impressive growth in advances is led by strong growth in commercial, rural banking loans,

As per the Bank’s internal business classification, retail loans grew by around 13.5% over December 31, 2020 and around 4.5% over September 30, 2021; commercial & rural banking loans grew by around 29.5% over December 31, 2020 and around 6.0% over September 30, 2021; and corporate & other wholesale loans grew by around 7.5% over December 31, 2020 and around 4.5% over September 30, 2021.

The Bank’s deposits aggregated to approximately ₹ 14,460 billion as of December 31, 2021, a growth of around 13.8% over ₹ 12,711 billion as of December 31, 2020 and a growth of around 2.8% over ₹ 14,063 billion as of September 30, 2021. Retail deposits grew by around 17.0% over December 31, 2020 and around 4.0% over September 30, 2021; wholesale deposits grew by around 1.0% over December 31, 2020 and were lower by around 1.5% over September 30, 2021.

The Bank’s CASA deposits aggregated to approximately ₹ 6,810 billion as of December 31, 2021, a growth of around 24.6% over ₹ 5,467 billion as of December 31, 2020 and a growth of around 3.5% over ₹ 6,582 billion as of September 30, 2021. The Bank’s CASA ratio stood at around 47% as of December 31, 2021, as compared to 43.0% as of December 31, 2020 and 46.8% as of September 30, 2021.

During the quarter ended December 31, 2021, the Bank purchased loans aggregating ₹ 74.68 billion through the direct assignment route under the home loan arrangement with Housing Development Finance Corporation Limited.

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