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HDFC Bank Q2 Advances Jumps 20% YoY

HDFC Bank registered a growth of around 1.8% in Q3FY23.

The private lender’s advances aggregated to approximately Rs 15,07,000 crore as of December 31, 2022, recording a growth of around 19.5% against Rs 12,60,900 crore as of December 31, 2021.

HDFC Bank registered a growth of around 1.8% in the quarter that ended December 31, 2022, from Rs 14,79,900 crore as of September 30, 2022.

Gross transfers through inter-bank participation certificates and bills were rediscounted, and the bank’s advances grew by around 23.6% over December 31, 2021, and about 3.3% by September 30 2022.

The bank’s deposits aggregated to approximately Rs 17,33,500 crore as of December 31, 2022, registering a growth of around 19.9% against Rs 14,45,900 crore as of December 31, 2021, and a growth of about 3.6% over Rs 16,73,400 crore as of September 30, 2022.

The bank’s CASA ratio stood at around 44% as of December 31, 2022, compared to 47.1% in 2021 and 45.4% as of September 30, 2022.

The net profit of private lenders’ bank jumped 20.1% to Rs 10,605.78 crore on a 19.2% increase in total income to Rs 46,181.96 crore in the July-September quarter of FY23 over the July-September quarter of FY22.

HDFC Bank’s shares fell by 0.9% on BSE to Rs 1,625.

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