HDFC Bank`s advances rise 21% in Q1FY23
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HDFC Bank’s advances aggregated to approximately Rs 13,950 billion as of June 30, 2022 (Q1FY23), a growth of around 21.5% over Rs 11,477 billion as of June 30, 2021 and a growth of around 1.9% over Rs 13,688 billion as of March 31, 2022. Gross of transfers through inter-bank participation certificates and bills rediscounted, the Bank’s advances grew by around 22.5% over June 30, 2021 and around 2.8% over March 31, 2022.
The Bank’s deposits aggregated to approximately Rs 16,050 billion as of June 30, 2022, a growth of around 19.3% over Rs 13,458 billion as of June 30, 2021 and a growth of around 2.9% over Rs 15,592 billion as of March 31, 2022. Retail deposits grew by around 18.5% over June 30, 2021 and around 3.5% over March 31, 2022; wholesale deposits grew by around 22.5% over June 30, 2021 and around 0.5% over March 31, 2022.
The Bank’s CASA deposits aggregated to approximately Rs 7,345 billion as of June 30, 2022, a growth of around 20.1% over Rs 6,118 billion as of June 30, 2021 and were lower by around 2.2% over Rs 7,510 billion as of March 31, 2022. The Bank’s CASA ratio stood at around 46% as of June 30, 2022, as compared to 45.5% as of June 30, 2021 and 48.2% as of March 31, 2022.
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.
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