HDFC Bank has reported 15.8% rise in its advances to around Rs 16,155 billion as of June 30, 2023 (Q1FY24) as compared to Rs 13,951 billion as of June 30, 2022 and a growth of around 0.9% over Rs 16,006 billion as of March 31, 2023. Gross of transfers through inter-bank participation certificates and bills rediscounted, the Bank’s advances grew by around 20.2% over June 30, 2022 and around 1.9% over March 31, 2023.
The Bank’s deposits aggregated to around Rs 19,130 billion as of June 30, 2023, a growth of around 19.2% over Rs 16,048 billion as of June 30, 2022 and a growth of around 1.6% over Rs 18,834 billion as of March 31, 2023. Retail deposits increased by around Rs 380 billion during the quarter, and grew by around 21.5% over June 30, 2022 and around 2.5% over March 31, 2023; wholesale deposits grew by around 9.0% over June 30, 2022 and were lower by around 2.5% over March 31, 2023.
The Bank’s CASA deposits aggregated to around Rs 8,130 billion as of June 30, 2023, a growth of around 10.7% over Rs 7,346 billion as of June 30, 2022 and were lower by around 2.7% over Rs 8,360 billion as of March 31, 2023. Retail CASA grew by around 11.0% over June 30, 2022 and was lower by around 2.0% over March 31, 2023. The Bank’s CASA ratio stood at around 42.5% as of June 30, 2023, as compared to 45.8% as of June 30, 2022, and 44.4% as of March 31, 2023.
During the quarter ended June 30, 2023, the Bank purchased loans aggregating Rs 116.32 billion through the direct assignment route under the home loan arrangement with Housing Development Finance Corporation.
HDFC Bank is one of India’s premier banks providing a wide range of financial products and services using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking.
| Company Name | CMP |
|---|---|
| HDFC Bank | 1772.05 |
| ICICI Bank | 1285.70 |
| Axis Bank | 1072.10 |
| Kotak Mahindra Bank | 1743.55 |
| Indusind Bank | 930.00 |
| View more.. | |
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