HDFC Bank registers 16% growth in advances and 19% growth in deposits

Capital Market 

As on 31 December 2020

HDFC Bank provided the following business update:

1) The Bank's advances aggregated to approximately Rs 1082000 crore as of 31 December 2020, a growth of around 16% as compared to Rs 9,36,000 crore as of 31 December 2019 and a growth of around 4% as compared to Rs 10,38,300 crore as of 30 September 2020.

2) The Bank's deposits aggregated to approximately Rs 12,71,000 crore as of 31 December 2020, a growth of around 19% as compared to Rs 10,67,400 crore as of 31 December 2019 and a growth of around 3% as compared to Rs 12,29,300 crore as of 30 September 2020.

3) The Bank's CASA ratio stood at around 43% as of 31 December 2020, as compared to 39.5% as of 31 December 2019 and 41.6% as of 30 September 2020.

4) During the quarter ended 31 December 2020, the Bank purchased loans aggregating Rs 7,076 crore through the direct assignment route under the home loan arrangement with Housing Development Finance Corporation.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, January 05 2021. 17:40 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU