HDFC Bank's deposits surge 19 pc to Rs 11.48 trillion

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HDFC Bank's deposits surge 19 pc to Rs 11.48 trillion

Advances of Rs 11.48 trillion were made on June 30, 2021.

The bank's loans increased by 1.9 per cent from Rs 13.69 trillion on March 31, according to the exchanges.

As of June 30, HDFC Bank deposits saw a YoY increase of 19.3 per cent to 16.05 trillion from Rs 13.46 trillion a year ago.

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

The QoQ quarter-on-quarter growth of HDFC Bank was a bit softer, while Q 1 is generally weak for the lending space. This led to 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.

ALSO READ: HDFC and HDFC Bank merger proposal gets nod from stock exchanges.

Retail share improved QoQ from 38.5 per cent to 40 per cent. This also shows that in Q 4 of FY 22 some part of the current quarter was up-fronted, which would have been lower yielding. HDFC Bank's current account savings account CASA deposits aggregated to around 7.35 trillion as of June 30. A year ago, it was a year ago when the growth was 20.1 per cent higher than Rs 6.12 trillion.

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

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