HDFC Bank advances in Q1FY23 rise 1.9% sequentially, stock edged higher

As of June 30, 2022, advances from HDFC Bank totaled Rs 13.950 billion, up 1.9% from Rs 13.688 billion earned in the January-March 2022 quarter.

Gross of transactions effected through interbank participation certificates and rediscounted bills, advances increased nearly 22.5% year-on-year and 2.8% sequentially, the bank updated the exchanges on 4 July.

Compared to the prior year quarter, personal loans increased by 21.5%, commercial and rural bank loans by approximately 29.0%, and corporate and other wholesale loans by approximately 15.0%. .5%. Sequentially, loans from these segments increased 5.0%, 3.0% and were flat, respectively.

HDFC Bank’s deposits stood at ~16.050 billion rupees as of June 30, growing nearly 19.3% from 13.458 billion rupees in the prior year quarter. Sequentially, deposits increased 2.9%. Deposit growth was around 18.5% for retail and 22.5% for wholesale compared to the June quarter of 2021.

As of June 30, the Bank’s CASA deposits totaled approximately Rs. .2% from 7,510 billion rupees as of March 31, 2022.

Compared to 45.5% last year and 48.2% in the March quarter, the CASA ratio was 46% as of June 30.

The country’s largest private sector lender has purchased loans of Rs 95.33 billion through direct assignment in the three months ending June 2022 under the housing loan agreement with Housing Development Finance Corporation Limited.

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