Private sector banks reported a steady increase in deposits in the provisional data for the quarter-ended June 30, 2021, though advances remained subdued amidst localised lockdowns that impacted business activity.
However, bucking the trend, HDFC Bank reported a 14.4 per cent growth in its advances to about ₹11,47,500 crore as of June 30, 2021 compared to ₹10,03,300 crore a year ago.
Domestic retail loans as of June 30, 2021 grew by around 10.5 per cent over a year-ago period and remained at a level similar to that as of March 31, 2021; domestic wholesale loans as of June 30, 2021 grew by around 17 per cent y-o-y and around 2 per cent over March 31, 2021, it said in a regulatory filing on Monday.
The bank’s deposits grew 13.2 per cent to about ₹13,46,000 crore as of June 30, 2021 versus ₹11,89,400 crore a year ago.
Yes Bank and Federal Bank
Meanwhile, Yes Bank reported a 0.4 per cent decline in its loans and advances for the first quarter of the fiscal to ₹1,63,914 crore as against ₹1,64,510 crore as on June 30, 2020. On a sequential basis, loans fell 1.8 per cent.
In contrast, its deposits soared by 39.1 per cent to ₹1,63,295 crore for the quarter-ended June 30, 2021 from ₹1,17,360 crore a year ago.
Meanwhile, Federal Bank reported an 8 per cent growth in gross advances to ₹1,32,770 crore for the first quarter of the fiscal as against ₹1,23,437 crore a year ago.
Its total deposits increased by 9 per cent to ₹1,69,393 crore for the quarter-ended June 30, 2021 from ₹1,54,938 crore a year ago. However, deposits fell by 1.9 per cent on a sequential basis.