HDFC Bank's deposits grew 16.3% YoY, advances up 13.9% YoY

HDFC Bank Limited has announced financial performance for the period ended March 31, 2021.

The Bank's advances aggregated to approximately ₹11,320 billion as of March 31, 2021, a growth of around 13.9% over ₹9,937 billion as of March 31, 2020 and a growth of around 4.6% over ₹10,823 billion as of December 31, 2020.

As per regulatory (Basel 2) segment classification, domestic retail loans as of March 31, 2021 grew by around 7.5% over March 31, 2020 and around 5.0% over December 31, 2020; domestic wholesale loans as of March 31, 2021 grew by around 21.0% over March 31, 2020 and around 4.5% over December 31, 2020.

The Bank's deposits aggregated to approximately ₹13,350 billion as of March 31, 2021, a growth of around 16.3% over ₹11,475 billion as of March 31, 2020 and a growth of around 5.0% over ₹12,711 billion as of December 31, 2020.

The Bank's CASA deposits aggregated to approximately ₹6,155 billion as of March 31, 2021, a growth of around 27.0% over ₹4,846 billion as of March 31, 2020 and a growth of around 12.5% over ₹5,467 billion as of December 31, 2020. The Bank's CASA ratio stood at around 46% as of March 31, 2021, as compared to 42.2% as of March 31, 2020 and 43.0% as of December 31, 2020.

During the quarter ended March 31, 2021, the Bank purchased loans aggregating ₹75.03 billion through the direct assignment route under the home loan arrangement with Housing Development Finance Corporation Limited.

The above information is subject to an audit by the statutory auditors of the Bank.

Shares of HDFC Bank Ltd was last trading in BSE at Rs.1486.5 as compared to the previous close of Rs. 1493.55. The total number of shares traded during the day was 381560 in over 12243 trades.

The stock hit an intraday high of Rs. 1502 and intraday low of 1469.85. The net turnover during the day was Rs. 566141484.

Source : Equity Bulls

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