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HDFC Bank gains as its advances rise 16% in Q3FY22
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HDFC Bank is currently trading at Rs. 1522.95, up by 3.25 points or 0.21% from its previous closing of Rs. 1519.70 on the BSE.
The scrip opened at Rs. 1519.70 and has touched a high and low of Rs. 1527.55 and Rs. 1508.00 respectively. So far 174999 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1724.30 on 18-Oct-2021 and a 52 week low of Rs. 1342.00 on 28-Jan-2021.
Last one week high and low of the scrip stood at Rs. 1527.55 and Rs. 1446.55 respectively. The current market cap of the company is Rs. 841086.83 crore.
The promoters holding in the company stood at 25.83%, while Institutions and Non-Institutions held 60.92% and 13.25% respectively.
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.
