The country’s largest private sector lender HDFC Bank on Friday reported gross advances growth of 7% to Rs 25.19 lakh crore as of September 30, 2024, as against Rs 23.54 lakh crore as of September 30, 2023.
HDFC Bank’s advances under management, which include inter-bank participation certificates, bill rediscounting and advances for securitisation/assignment, stood at Rs 26.33 lakh crore as of September 30, a growth of about 8% from Rs 24.37 lakh crore in the same quarter last year.
Advances under management of the bank grew 2.3% to Rs 25.75 lakh crore as of June 30.
Retail loans grew by about Rs 33,800 crore during the quarter, commercial and rural banking loans grew by about Rs 38,000 crore, while corporate and other wholesale loans declined by Rs 13,300 crore as compared to June 30, 2024, HDFC Bank said in a BSE filing on October 4.
HDFC Bank securitised or allocated loans worth ₹19,200 crore (₹24,600 crore year-on-year) as a strategic initiative.
Deposit
HDFC Bank deposits grew 15.1% to Rs 25 lakh crore in Q2 FY25 from Rs 21.73 lakh crore in Q2 FY24. Sequentially, deposit growth stood at around 5.1% from Rs 23.79 lakh crore as of June 30, 2024.
The private lender’s CASA deposits grew 8% year-on-year and 2.3% quarter-on-quarter (QoQ) to ₹8.83 lakh crore in the second quarter.
The liquidity coverage ratio (average) for the quarter was around 127%, HDFC Bank said.
hdfc bank block deal
HDFC Bank shares witnessed a huge block deal transaction on Thursday, October 3, when Morgan Stanley and Citigroup bought 43.75 lakh shares of the private sector lender through open market transactions. The total transaction value stood at ₹755.29 crore.
BNP Paribas Financial Markets, an arm of BNP Paribas, sold HDFC Bank shares at Rs 1,726.2 per share through two separate blocks on the BSE.
At 9:45 am, HDFC Bank shares were trading 0.28% lower at Rs 1,677.45 on the BSE.
HDFC Bank Q2 update: Gross advances increase 7% to Rs 25.19 lakh crore, deposits grow 15%
