HDFC Bank loans rise over 14 pc to Rs 11.47 lakh cr in June

HDFC Bank declared a 14.4 per cent increase in its credits to over INR 11.47 lakh crore from June 30 this year.

“The bank’s credits aggregated to around Rs 11,475 billion as of June 30, 2021, a majority of about 14.4 per cent above INR 10,033 billion as of June 30, 2020, and an increase of around 1.3 per cent over Rs 11,328 billion as of March 31, 2021,” HDFC Bank announced in a regulatory filing. HDFC Bank loans rise over 14 pc to Rs 11.47 lakh cr in June

The private quarter lender stated domestic retail credits by the end of the first fraction of the current financial year jumped up by 10.5 per cent year-on-year, while the domestic wholesale advances grew by around 17 per cent.

Among credit categories, retail advances grew by around 9 per cent during June 30, 2020, and were below 1 per cent compared to March 31, 2021.

Economic and rural banking advances grew by around 25 per cent over June 30, 2020, and about 4 per cent over March the current year. Other wholesale advances grew by about 10.5 per cent over June the previous year and around 1.5 per cent during March 2021.

Retail expenditures during Q1 FY22 reached about INR 43,600 crore (INR 436 billion), 202 per cent up from the previous year. However, it was declining by 30 per cent from INR 62,500 crore (INR 625 billion) throughout the quarter ended March 2021.]

These retail expenditures included the home credits sourced from mother company HDFC Ltd. On the deposit head, the HDFC Bank witnessed a 13.2 per cent increase at INR 13.46 lakh crore (INR 13,460 billion) as of June 30, 2021. It was upward by 0.8 per cent from INR 13.35 lakh crore (INR 13,351 billion) in March 2021.

Retail securities grew by around 16.5 per cent year-on-year and about 3.5 per cent over March, and wholesale securities remained stable compared to June the previous year but were more under by around 10 per cent from March this year, the bank said.

“While the quarter ended at June 30, 2021, the bank acquired loans aggregating INR 5,489 crore (INR 54.89 billion) through the direct distribution route under the home loan agreement with Housing Development Finance Corporation Limited,” it continued.

Shares of Housing Development Finance Corporation Limited Bank exchanged at INR 1500.95 apiece on BSE, up 1.35 per cent from its past close.

 

NEED A LOAN?

I have read the Privacy Policy & Agree to Terms & Conditions and authorize Dialabank & its partner institutions to Call or SMS me with reference to my application.


Latest News

Menu