HDFC Bank Q4 update: Advances jump 17% to Rs 16 lakh crore, deposits up 21%

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Key Points

The bank's advances stood at Rs 16 lakh crore as of March 2023, compared with Rs 13.6 lakh crore as of March 2022...

"Gross of transfers through inter-bank participation certificates and bills rediscounted, the Banks advances grew by around 21.3% over March 2022, and around 6.5% over December 2022," HDFC Bank said in a filing...

The banks overall deposits aggregated to nearly Rs 18.8 lakh crore as of March 2023, a growth of around 21% over Rs 15.59 lakh crore as of March 2022...

HDFC Bank, which is in the process of getting merged with HDFC, said that its CASA deposits amounted to Rs 8.36 lakh crore as of March 2023, representing a growth of around 11% over Rs 7.51 lakh crore in the same period last year...

During the quarter ended March 31, 2023, the bank purchased loans aggregating Rs 9,340 crore through the direct assignment route under the home loan arrangement with Housing Development Finance Corporation (HDFC)...

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