HDFC Bank’s loans increased by 14.1% in the June quarter, totaling Rs 11.47 trillion.



The country’s largest private lender, HDFC Bank, reported a 14.4% year-on-year increase in loans in the first quarter of fiscal year 22 and just 1.3% over the previous quarter ended March 2021 (Q4 21 fiscal year).

The bank, in filing with the BSE, reported that cumulative advances were Rs 11.47 trillion as of June 30, 2021, up from Rs 10.03 trillion in June 2020 and Rs 11.32 trillion in March 2021.

Retail loans grew 9% year-on-year in June 2020 and at a slower pace, 1% sequentially, during March 2021. Commercial and rural bank loans increased by about 25% on June 30, 2020 and by about 4% in March. January 31, 2021

Retail payments, including home loans received under the agreement with the Housing Finance Corporation, were approximately Rs 43,600 in the first quarter of fiscal year 22, compared to Rs 14,400 crores paid in the first quarter of fiscal year 21. Annual growth was around 202%, reflecting very low activity in April-June 2020 during the first wave of coronavirus (Covid-19). This was about 30 percent lower than the Rs 62,500 crore paid in the fourth quarter of fiscal year 21, the bank said.

The bank acquired loans totaling Rs.5,489 crore in the first quarter of fiscal year 22 through an outright assignment under a home loan agreement with HDFC.

The bank’s deposits increased by 13.2% compared to the same period last year and amounted to approximately Rs 13.46 trillion as of June 30, 2021. Its deposits were up just 0.8 percent from Rs 13.35 trillion as of March 31, 2021.

Individual deposits increased by about 16.5% on June 30, 2020 and by about 3.5% on March 31, 2021. The share of low-cost – current and savings accounts (CASA) – was 45% in June 2021, up from 46.1 percent in March 2021 June 2020. The share of CASA deposits in the total volume of deposits amounted to 40.1 percent in June 2020.

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