HDFC Bank Loan Portfolio Grows 16.4% to Rs 12.6 Trillion in December Quarter

The loan portfolio of the country’s largest private lender, HDFC Bank, increased by 16.4% year-on-year (YOY) to Rs 12.6 trillion as of December 31, 2021 (Q3FY22) from 10, 82 trillion rupees a year ago. Sequentially, its advances increased by 5.1% from 11.98 billion rupees in September 2020 (Q2FY22).

Commercial banks in India, as a group, recorded growth of 7.3% (year-on-year) through mid-December 2021, according to data from the Reserve Bank of India (RBI).

HDFC Bank’s retail lending was up approximately 13.5% year-on-year and 4.5% from September 2021 based on its internal business classification.

Traction for growth was strongest in the commercial and rural banking segment which grew by around 29.5% from December 2020 and around 6% from September 2021, the bank said in a statement. file with the BSE.

The lender’s corporate and other wholesale loans were up about 7.5% year-on-year and sequentially up about 4.5% from September 2021.

The Housing Development Finance Corporation (HDFC) issued (sold) loans amounting to Rs 7,468 crore to HDFC Bank in Q3FY22, slightly higher than Rs 7,132 crore in the September quarter (Q2FY22).

The bank’s deposits increased by 13.8% to 14.46 trillion rupees as of December 31, 2021, from 12.71 trillion rupees a year ago and sequentially by 2.8% from 14.06 trillion rupees in September 2021. Personal deposits grew by around 17% year-on-year and around 4 percent year-on-year. cent from September 2021. Wholesale deposits were up about 1% year-on-year.

The share of low-cost deposits – current account and savings account – stood at around 47% in December 2021, compared to 43% in December 2020. Sequentially, growth was marginal compared to 46.8% in September 2021.

Dear reader,

Business Standard has always endeavored to provide up-to-date information and commentary on developments that matter to you and that have wider political and economic implications for the country and the world. Your constant encouragement and feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. Even in these challenging times stemming from Covid-19, we remain committed to keeping you informed and updated with credible news, authoritative opinions and incisive commentary on relevant topical issues.
However, we have a request.

As we battle the economic impact of the pandemic, we need your support even more so that we can continue to bring you more great content. Our subscription model has received 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 bringing you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism we are committed to.

Support quality journalism and subscribe to Business Standard.

digital editor

Previous Bank loan fraud: ED attaches Rs 26-cr assets of Gujarat company, promoters
Next Donaco Completes Full Repayment of $ 100 Million Bank Loan