HDFC Bank Monday said its March-quarter advances climbed 17%, taking its total loan book to ₹16 lakh crore. The lender had a loan book of ₹13.66 lakh crore in the year-ago quarter. Provisional data also showed that total deposits expanded more than a fifth.
As per the bank’s internal business classification, domestic retail loans climbed around 21%, commercial and rural banking loans by around 30% and corporate and other wholesale loans by around 12.5% in the March quarter versus the same period last year.
The lender’s deposits climbed to ₹18.83 lakh crore, a growth of around 20.8% over ₹15.59 lakh crore in the March 2022 quarter. Retail deposits expanded around 23.5% while wholesale deposits grew by around 10% in the March quarter.
The bank’s current account and saving account (CASA) deposits aggregated to ₹8.3 lakh crore, a growth of around 11.3% over last year. Retail CASA grew by around 12.5% year-on-year.
During the March quarter, the bank purchased loans aggregating ₹9,340 crore through the direct assignment route under the home loan arrangement with Housing Development Finance Corporation (HDFC).
Another private lender Federal Bank said its advances had grown 20.2% to ₹1.77 lakh crore in the March ending quarter. Its total loans were at ₹1.47 lakh crore. Provisional numbers for the March quarter showed that the bank’s retail credit book grew by 18.6% and wholesale credit book grew by 22.2%. Retail to wholesale ratio stood at 54:46.Total deposits reached ₹2.13 lakh crore with a growth of 17.4% over last year.