05 Apr , 2021 By : Kanchan Joshi
In a Q4 update, private lender HDFC Bank announced that the bank's advances aggregated to approximately Rs11,320 billion as of March 31, 2021, a growth of around 13.9% over Rs9,937 billion as of March 31, 2020 and a growth of around 4.6% over Rs10,823 billion as of December 31, 2020.
As per regulatory (Basel 2) segment classification, domestic retail loans as of March 31, 2021 grew by around 7.5% over March 31, 2020 and around 5.0% over December 31, 2020; domestic wholesale loans as of March 31, 2021 grew by around 21.0% over March 31, 2020 and around 4.5% over December 31, 2020, the bank said.
The Bank’s deposits grew around 16.3% at approximately Rs13,350 billion as of March 31, 2021 as compared to Rs11,475 billion year-on-year (YoY) and a growth of around 5% quarter-on-quarter (QoQ).
HDFC Bank’s CASA ratio stood at around 46% as of March 31, 2021, as compared to 42.2% as of March 31, 2020 and 43% as of December 31, 2020.
During the quarter ended March 31, 2021, the bank purchased loans aggregating Rs75.03 billion through the direct assignment route under the home loan arrangement with Housing Development Finance Corporation Limited (HDFC).
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