HDFC Bank on Sunday mentioned its deposits have risen 16.Eight per cent y-o-y to Rs 15.59 lakh crore and advances have witnessed a 20.85 per cent soar year-on-year (y-o-y) to Rs 13.69 lakh crore within the March 2022 quarter. The expansion in deposits was one of the best in 5 quarters and the rise in advances was the very best in seven quarters, year-on-year.
Its deposits had stood at Rs 13.35 lakh crore and advances at Rs 11.33 lakh crore within the corresponding quarter of the earlier monetary yr. Sequentially, deposits in the course of the March 2022 quarter have registered a development of seven.82 per cent, highest in 12 quarters, in contrast with Rs 14.46 lakh crore within the December 2021 quarter. Advances have posted one of the best soar in 20 quarters at 8.57 per cent quarter-on-quarter as in contrast with Rs 12.6 lakh crore within the December 2021 quarter.
The financial institution’s CASA (present account, saving account) ratio stood at round 48 per cent as of March 31, 2022, which is the very best in 26 quarters. It had stood at 46.1 per cent as of March 31, 2021, and 47.1 per cent as of December 31, 2021, HDFC Financial institution mentioned in a press release mentioned.
It added that the financial institution’s CASA deposits aggregated to about Rs 75.10 lakh crore as of March 31, 2022, a development of round 22 per cent over Rs 61.57 lakh crore as of March 31, 2021, and a development of round 10.2 per cent over Rs 68.12 lakh crore as of December 31, 2021.
Ex-HDFC Ltd pool, mortgage development stays sturdy at 20.94 per cent year-on-year and eight.6 per cent quarter-on-quarter. The financial institution’s credit-deposit ratio stood at 87.81 per cent as in contrast with 84.85 per cent on the finish of the March 2021 quarter and 87.21 per cent in the course of the December 2021 quarter, it mentioned.
Based on the financial institution’s inside enterprise classification, retail loans grew round 15 per cent over March 31, 2021, and round 5 per cent over December 31, 2021; industrial and rural banking loans rose round 30.5 per cent over March 31, 2021, and round 10 per cent over December 31, 2021. Its company and different wholesale loans rose round 17.5 per cent over March 31, 2021, and round 11.5 per cent over December 31, 2021.
Retail deposits grew round 18.5 per cent within the March 2022 quarter in comparison with the year-ago quarter and round 6 per cent over the previous quarter; wholesale deposits jumped round 10 per cent year-on-year and round 17 per cent sequentially.
HDFC Financial institution mentioned it has added 563 branches in the course of the March 2022 quarter, bringing the community to six,342 branches as on March 31, 2022, in contrast with 5,779 within the previous quarter and 5,608 branches a yr in the past.
In the course of the quarter ended March 31, 2022, the financial institution bought loans aggregating Rs 8,117 crore by means of the direct task route underneath the house mortgage association with Housing Growth Finance Company.