Business

HDFC Bank loan book rises to Rs 24.69 lakh cr in Q3

Private sector lender HDFC Bank on Friday said its loan book increased to Rs 24.69 lakh crore in the December quarter as against Rs 15.2 lakh crore in the year-ago period. The figures for the period ended December 31 include the operations of erstwhile HDFC Ltd, which amalgamated with and into HDFC Bank on July 1, 2023 and hence are not comparable with those of the corresponding period of the previous year, the bank said in a regulatory filing.

Domestic retail loans grew around 111 per cent over December 31

As per the bank’s internal business classification, domestic retail loans grew around 111 per cent over December 31, 2022 and around 3 per cent over September 30, 2023. The bank’s commercial and rural banking loans grew around 31.5 per cent over December 31, 2022 and around 6.5 per cent over September 30, 2023. The corporate and other wholesale loans, excluding non-individual loans of the erstwhile HDFC Ltd, grew around 11 per cent over December 31, 2022.

Bank’s deposits aggregated to approximately Rs 22.14 lakh crore

The bank’s advances grew around 60.7 per cent year-on-year, and around 3.8 per cent quarter-on-quarter, it said. The bank’s deposits aggregated to approximately Rs 22.14 lakh crore as of December 31, a growth of around 27.7 per cent over Rs 17.33 lakh crore year-on-year and a growth of around 1.9 per cent over Rs 21.72 lakh crore as of September 30.

Bank of Baroda had 13.41 per cent growth in advances to Rs 8.6 lakh crore in December

With regard to Current Account Saving Account (CASA) deposits, it said they aggregated to approximately Rs 8.3 lakh crore as of December 31, 2023, a growth of around 9.5 per cent over the year-ago period. In a separate filing, public sector lender Bank of Baroda (BoB) it has posted a 13.41 per cent growth in advances to Rs 8.6 lakh crore in the December quarter.

Total advances stood at Rs 7.6 lakh crore at the end of the third quarter of the last financial year. The bank’s deposits rose a tad lower at 6.34 per cent to Rs 10.67 lakh crore during the quarter from Rs 10 lakh crore in the year-ago period, it said. As a result, the total business of the bank increased 10.68 per cent to Rs 22.94 lakh crore at the end of December 31, 2023, it added.

-PTI

Also Read: Horoscope 6 January 2023: Know What Your Zodiac Sign Says!

Bharat Express English

Recent Posts

Hina Khan Hails 11 Years Of PM Modi’s Leadership; Highlights National Progress

As the nation marks 11 years under PM Modi's leadership, actress Hina Khan shares her…

6 hours ago

Subhash Ghai Hails PM Modi’s Transformative Vision For India

Subhash Ghai has praised PM Narendra Modi’s leadership for catalysing India’s growth and changing the…

7 hours ago

India & Central Asia Boost Rare Earth Cooperation At Delhi Meet

India and five Central Asian nations have agreed to deepen cooperation on rare earths and…

7 hours ago

PM Modi’s Beej Se Bazaar Tak Vision Reshapes Indian Agriculture

Prime Minister Modi has redefined Indian agriculture with the ‘Beej Se Bazaar Tak’ vision, transforming…

8 hours ago

EV Sales Cross 4% Mark In May; Signalling Steady Shift To Green Mobility

EV sales topped 4% of passenger vehicle retail in May 2025, signalling growing demand for…

8 hours ago

Self-Reliant Defence Industry Marks India’s Strategic Security Ascent

One year into Modi 3.0, reforms have reduced poverty, strengthened defence, and accelerated the digital…

8 hours ago