HDFC Bank loans grew by 14%, deposits – by 13% in the first quarter

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Mumbai: HDFC Bank told the stock exchange that its loan portfolio at the end of the quarter ended June 2021 was Rs 11.4 million, up from Rs 10 million as of June 30, 2020 – an increase of 14.4%. Deposits at the end of the quarter it stood at Rs 13.5 million crores, an increase of 13.2% over the same period last year Rs 11.9 million crores.
The bank also said that domestic retail loans As of June 30, 2021, increased by about 10.5% compared to June 30, 2020 and remained at a level similar to March 31, 2021. Domestic wholesale loans as of June 30, 2021 increased by about 17% compared to June. March 30, 2020 and about 2% by March 31, 2021
The numbers show that the consequences of blocking after second wave the pandemic in the first quarter was much less severe than the isolation in the first quarter of fiscal 21. Among loan categories, retail loans grew by about 9% during the quarter over the prior year and were down by about 1% over the previous quarter (Q4FY21), commercial and rural bank loans rose by about 25% over Q1FY21FY and about 4% in the 4th quarter of fiscal year 21, and other wholesale loans grew by about 10.5% in the first quarter of fiscal year 21 and by about 1.5% in the fourth quarter of fiscal year 21.
Retail payments (including mortgages received under the agreement with HDFC) at the end of the first quarter were approximately Rs 43,600 crore. height about 202% more than Rs 14,400 crores paid during the period a year ago and about 30% less than Rs 62,500 crores paid in the previous quarter.
Individual deposits increased by about 16.5% on June 30, 2020 and by about 3.5% on March 31, 2021; wholesale deposits remained stable compared to June 30, 2020 and were down by about 10.0% compared to March 31, 2021.
According to Suresh Ganapati, analyst at Macquarie, the results “clearly show that the impact of the second wave was not as devastating as the first wave.” On deposits, he said private sector banks are doing well with checking accounts under the new RBI rules that link checking accounts with lending: “Many multinational / foreign banks are losing market share and being taken over by the likes of HDFC Bank. ICICI etc. “, – he said.





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