HDFC Bank's deposits rise by 19.3 pc to Rs 13.46 trillion

Advances were to the tune of 11.48 trillion rupees on June 30, 2021.

The bank's loans grew by 1.9 per cent from Rs 13.69 trillion on March 31, the lender informed the exchanges.

As of June 30, HDFC Bank's deposits increased by 19.3 per cent to 16.05 trillion from Rs 13.46 trillion a year ago.

The bank's deposits rose 2.9 per cent from 15.59 trillion as of March 31 on a quarterly basis.

While Q 1 is generally weak for the lending space, HDFC Bank's quarter-on-quarter growth was a tad softer. This resulted in a lower LDR loan-to- deposit ratio, which could be a drag on the NIM net interest margin, said Gaurav Jani, research analyst at Prabhudas Lilladher.

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Retail share improved from 38.5 per cent to 40 per cent, he said. This suggests that some of the current quarter growth in Q 4 of FY 22 was up-fronted, which would have been lower yielding. HDFC Bank's current account savings account CASA deposits were estimated to be around 7.35 trillion as of June 30. The growth was 20.1 per cent from Rs 6.12 trillion a year ago.

HDFC Bank's CASA deposits fell 2.2 per cent from Rs 7.51 trillion on March 31 on a sequential basis.

Six other lenders have released provisional figures on advances and deposits to the exchanges up to July 4, according to the provisional figures released by HDFC Bank. These are AU Small Bank, Federal Bank, IDFC First Bank, IndusInd Bank, CSB Bank and Bank of Maharashtra.