HDFC bank Its deposits grew 16.8 per cent year-on-year to Rs 15.59 lakh crore in the March 2022 quarter and advances grew 20.85 per cent year-on-year to Rs 13.69 lakh crore, it said on Sunday. Growth in deposits was the best in five quarters and growth in advances was the highest year-on-year in seven quarters.
Its deposits stood at Rs 13.35 lakh crore and advances at Rs 11.33 lakh crore in the corresponding quarter of the last fiscal. Sequentially, deposits have registered a growth of 7.82 per cent during the March 2022 quarter, the highest in 12 quarters, as against Rs 14.46 lakh crore in the December 2021 quarter. Advances have registered the best jump in 20 quarters at 8.57 per cent quarter-on-quarter as compared to Rs 12.6 lakh crore in the December 2021 quarter.
The CASA (Current Account, Savings Account) ratio of the bank stood at around 48 per cent as on March 31, 2022, the highest in 26 quarters. HDFC Bank said in a statement that it stood at 46.1 per cent as on March 31, 2021 and 47.1 per cent as of December 31, 2021.
It said the bank’s CASA deposits grew by about Rs 75.10 lakh crore as on March 31, 2022, an increase of about 22 per cent from Rs 61.57 lakh crore as on March 31, 2021, and about 10.2 per cent from Rs. 68.12 lakh crore till December 31, 2021.
Ex-HDFC Limited Pool, loan growth continues to be strong at 20.94 per cent y-o-y and 8.6 per cent qoq. The bank’s credit-deposit ratio stood at 87.81 per cent as compared to 84.85 per cent at the end of March 2021 quarter and 87.21 per cent during the December 2021 quarter.
According to the bank’s internal business classification, retail credit grew by about 15 per cent in March 31, 2021 and by about five per cent in December 31, 2021; Commercial and rural banking credit grew by about 30.5 per cent in March 31, 2021 and around 10 per cent in December 31, 2021. Its corporate and other wholesale loans grew by about 17.5 percent as of March 31, 2021, and about 11.5 percent over the previous year. 31st December 2021.
Retail deposits in the March 2022 quarter grew by about 18.5 percent over the year-ago quarter and about 6 percent over the previous quarter; Bulk deposits grew about 10 percent year-on-year and about 17 percent sequentially.
HDFC Bank said it has added 563 branches during the March 2022 quarter, bringing the network to 6,342 branches as on March 31, 2022, as against 5,779 in the previous quarter and 5,608 a year ago.
During the quarter ended March 31, 2022, the bank bought loans totaling Rs 8,117 crore through the direct assignment route under home loan arrangement with Housing Development Finance Corporation.
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