Key Points
India's biggest private lender HDFC Bank on Thursday reported a 55.4% year-on-year (YoY) growth in its gross advances to Rs 25.08 lakh crore for the quarter ended March 31, 2024...
On a sequential basis, gross advances rose 1.6% over Rs 24.69 lakh crore as of December 31, 2023, the company informed ahead of the market opening today...
In its March quarter updates, the private lender said domestic retail loans grew by around 108.9% over March 31, 2023, and around 3.7% or Rs 43,700 crore over December 31, 2023..
As for the corporate and other wholesale loans (excluding non-individual loans of the erstwhile HDFC), the growth was around 4.1% over March 31, 2023, and was lower by around 2.2% over December 31, 2023, the filing said.. HDFC Banks deposits aggregated to approximately Rs 23.80 lakh crore as of March 31, 2024, up 26.4% over Rs 18.83 lakh crore reported at the end of corresponding quarter of the previous financial year..
Meanwhile, the CASA deposits record a rise of around 8.8% over Rs 8.35 lakh crore as of December 31, 2023...
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