HDFC Bank’s advances rise 16% in Q3FY22

HDFC Bank’s advances have aggregated to around Rs 12,600 billion as of December 31, 2021(Q3FY22), a growth of around 16.4% over Rs 10,823 billion as of December 31, 2020 and a growth of around 5.1% over Rs 11,988 billion as of September 30, 2021. The Bank’s deposits have aggregated to around Rs 14,460 billion as of December 31, 2021, a growth of around 13.8% over Rs 12,711 billion as of December 31, 2020 and a growth of around 2.8% over Rs 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 around Rs 6,810 billion as of December 31, 2021, a growth of around 24.6% over Rs 5,467 billion as of December 31, 2020 and a growth of around 3.5% over Rs 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.

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.