HDFC Bank Ltd.

HDFC Bank has reported around 16.9% rise in its advances to around Rs 16,005 billion as of March 31, 2023 as compared to Rs 13,688 billion as of March 31, 2022 and a growth of around 6.2% over Rs 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.

The Bank’s deposits aggregated to around Rs 18,835 billion as of March 31, 2023, a growth of around 20.8% over Rs 15,592 billion as of March 31, 2022 and a growth of around 8.7% over Rs 17,332 billion as of December 31, 2022. Retail deposits increased by around Rs 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 around Rs 8,360 billion as of March 31, 2023, a growth of around 11.3% over Rs 7,510 billion as of March 31, 2022 and a growth of around 9.6% over Rs 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 around Rs 93.40 billion through the direct assignment route under the home loan arrangement with Housing Development Finance Corporation.

HDFC Bank is one of India’s premier banks providing a wide range of financial products and services using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking.