HDFC Bank's advances grew 16.9% YoY to Rs. 16,005 billion as of March 31, 2023

HDFC Bank Limited has announced business update for the period ended March 31, 2023.

The Bank's advances aggregated to approximately ₹ 16,005 billion as of March 31, 2023, a growth of around 16.9% over ₹ 13,688 billion as of March 31, 2022, and a growth of around 6.2 % over ₹ 15,068 billion as of December 31, 2022. Gross of transfers through inter-bank participation certificates and bills rediscounted, the Bank's advances grew by around 21.3% over March 31, 2022, and around 6.5 % over December 31, 2022.

As per the Bank's internal business classification, domestic retail loans grew by around 21.0% over March 31, 2022 and around 5.0% over December 31, 2022; commercial & rural banking loans grew by around 30.0% over March 31, 2022 and around 9.5% over December 31, 2022; and corporate & other wholesale loans grew by around 12.5% over March 31, 2022 and by around 4.5% over December 31, 2022.

The Bank's deposits aggregated to approximately ₹ 18,835 billion as of March 31, 2023, a growth of around 20.8% over ₹ 15,592 billion as of March 31, 2022 and a growth of around 8.7% over ₹ 17,332 billion as of December 31, 2022.

Retail deposits increased by around ₹ 1,067 billion during the quarter, and grew by around 23.5% over March 31, 2022 and around 7.5% over December 31, 2022; wholesale deposits grew by around 10.0% over March 31, 2022 and by around 15.5% over December 31, 2022.

The Bank's CASA deposits aggregated to approximately ₹ 8,360 billion as of March 31, 2023, a growth of around 11.3% over ₹ 7,510 billion as of March 31, 2022 and a growth of around 9.6% over ₹ 7,630 billion as of December 31, 2022. Retail CASA grew by around 12.5% over March 31, 2022 and around 7.5% over December 31, 2022.The Bank's CASA ratio stood at around 44.0% as of March 31, 2023, as compared to 48.2% as of March 31, 2022 and 44.0% as of December 31, 2022.

During the quarter ended March 31, 2023, the Bank purchased loans aggregating ₹ 93.40 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 Limited was last trading in BSE at Rs. 1610.35 as compared to the previous close of Rs. 1609.75. The total number of shares traded during the day was 155703 in over 9533 trades.

The stock hit an intraday high of Rs. 1615.45 and intraday low of 1602.55. The net turnover during the day was Rs. 250551333.00.

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HDFCBank INE040A01034 HDB BusinessUpdate Advances Deposits