HDFC Bank Q2 CASA jumps 28% year-on-year


Advances from the private lender amounted to approximately Rs 11,98,500 crore as of September 30, 2021, increasing by approximately 15.4% from Rs 10,3,8,300 crore as of September 30, 2020.

On a sequential basis, advances increased 4.4% from Rs 11,47,700 crore recorded on June 30, 2021. According to the bank’s internal business classification, loans to individuals increased by approximately 13% as of September 30, 2020 and approximately 5.5% as of June 30, 2021. Commercial and rural bank lending has increased by approximately 27.5% as of September 30, 2020 and approximately 7.5% as of June 30, 2021. other wholesale loans increased by approximately 6% as of September 30, 2020.

During the quarter ended September 30, 2021, the bank purchased loans totaling Rs 7,132 crore through the direct assignment route under the home loan agreement with the Housing Development Finance Corporation.

The bank’s deposits aggregated at around Rs 14,06,000 crore as of September 30, 2021, registering growth of around 14.4% compared to Rs 12,29,300 crore as of September 30, 2020 and growth of around 4.5 % from Rs 13.45,800 crore as of June 30, 2021. Retail deposits have increased by approximately 17.5% as at September 30, 2020 and approximately 4% as at June 30, 2021. Wholesale deposits have increased by approximately 2% as of September 30, 2020 and approximately 5.5% as of June 30, 2021.

HDFC Bank’s CASA (current account – savings account) deposits totaled approximately Rs 6,558,000 crore as of September 30, 2021, growing by around 28.6% from Rs 5,11,500 crore as of September 30 2020 and 7.6% growth from Rs. 6,11,800 crore as of June 30, 2021. The bank’s CASA ratio stood at around 47% as of September 30, 2021, up from 41.6% as of September 30, 2020 and 45.5% as of June 31, 2021.

HDFC Bank is one of India’s leading private banks. As of June 30, 2021, the bank’s distribution network consisted of 5,653 branches and 16,291 ATMs / cash deposit and withdrawal (CDM) machines in 2,917 cities. The private sector bank reported a 16.08% increase in its stand-alone net profit to Rs 7,729.64 crore on a 6.73% increase in total income to Rs 36,771.47 crore in the first quarter of fiscal 22 compared to the first quarter of fiscal 21.

HDFC Bank shares were trading 0.11% higher at Rs 1,587.05 on BSE.

Powered by Capital Market – Live News

(This story was not edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear reader,

Business Standard has always strived to provide up-to-date information and commentary on developments that matter to you and have broader political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. Even in these difficult times resulting from Covid-19, we remain committed to keeping you informed and updated with credible news, authoritative views and cutting edge commentary on relevant current issues.
However, we have a demand.

As we fight the economic impact of the pandemic, we need your support even more so that we can continue to provide you with more quality content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. More subscriptions to our online content can only help us achieve the goals of providing you with 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 to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital editor

About Julius Southworth

Check Also

Union Home Mortgage Named Winner of Home Possible RISE Awards by Freddie Mac

The company has been recognized for the volume of mortgages granted to low-income borrowers STRONGVILLE, …

Leave a Reply

Your email address will not be published.