HDFC Bank, the country’s biggest private sector lender, reported gross advances growth of 7% at ₹25.19 lakh crore as of September 30, 2024 as compared with over ₹23.54 lakh crore as of September 30, 2023.
HDFC Bank’s advances under management, which includes advances grossing up for inter-bank participation certificates, bills rediscounted and securitisation / assignment, were ₹26.33 lakh crore as of September 30, a growth of around 8.0% from ₹24.37 lakh crore, year-on-year (YoY).
The bank’s advances under management saw a growth of around 2.3% over ₹25.75 lakh crore as of June 30.
During the quarter, retail loans grew by around ₹33,800 crore; commercial & rural banking loans grew by around ₹38,000 crore; and corporate & other wholesale loans were lower by ₹13,300 over June 30, 2024, HDFC Bank said in a BSE filing on October 4.
HDFC Bank securitised or assigned loans of ₹19,200 crore (year to date ₹24,600 crore) as a strategic initiative.
Deposits
HDFC Bank’s deposits grew 15.1% to ₹25.00 lakh crore in Q2FY25 from ₹21.73 lakh crore crore in Q2FY24. Deposit growth was around 5.1% from ₹23.79 lakh crore as of June 30, 2024.
The private lender’s CASA deposits in Q2 rose 8% YoY and 2.3% QoQ to ₹8.83 lakh crore.
Liquidity coverage ratio (average) was around 127% for the quarter, HDFC Bank said.
HDFC Bank Block Deal
HDFC Bank shares saw a major block deal transaction on October 3 as Morgan Stanley and Citigroup bought 43.75 lakh shares of the private sector lender through open market transactions. The total transaction value stood at ₹755.29 crore.
BNP Paribas’ arm BNP Paribas Financial Markets sold HDFC Bank shares in the deal through two separate blocks at ₹1,726.2 apiece on the BSE.
At 9:45 am, HDFC Bank shares were trading 0.28% lower at ₹1,677.45 apiece on the BSE.
#HDFC #Bank #Update #Gross #advances #rise #lakh #crore #deposits #jump #YoY #Mint
HINDI NEWS
