HDFC Bank Deposits Rise 14% to Rs 11.32 lakh Crore in FY21
HDFC Bank, which is India’s largest bank in terms of m-cap, said its advances amounted to Rs 11.32,000 crore as of March 31, 2021, showing growth of around 13.9% from 9 , 93,700 crore as of March 31, 2020 and 4.6 percent above Rs 10,82,300 crore as of December 31, 2020.
According to the regulatory segment classification (Basel 2), HDFC Bank’s domestic retail lending increased by approximately 7.5% on March 31 on an annual basis and approximately 5% compared to December 31, 2020, the bank said in a regulatory filing. . Domestic wholesale loans increased 21 percent year-on-year, while these loans increased 4.5 percent sequentially.
The disclosure was made in accordance with the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, and the Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information under Regulation 8 of the SEBI (Prohibition of Insider Trading) Regulation, 2015 .
The bank’s deposits stood at Rs 13.35,000 crore as of March 31, a growth of 16.3% compared to Rs 11.47,500 crore as of March 31, 2020. Sequentially, the bank has grown by 5% compared to deposits worth Rs 12,71,100 crore as of December 31, 2020.
HDFC bank’s CASA deposits aggregated at Rs 6,155.00 crore as of March 31, a growth of 27% compared to Rs 4,846.00 crore as of March 31, 2020. Sequentially, it grew by 12 , 5% from Rs 5,467.00 CASA crore deposits as of December 31, 2020. The CASA ratio was 46% as of March 31 versus 42.2% as of March 31, 2020 and 43% as of December 31, 2020.
During the fourth quarter, the bank said HDFC Bank purchased loans worth Rs 7,503 crore through the direct award path as part of the mortgage deal with Housing. Development Finance Corporation Limited. HDFC Bank’s share fell by 45.90 rupees or 3.11 percent to 1,440.85 rupees on Monday at the start of trading.