HDFC Bank adds CR deposit of Rs 100,000 crore and CR advance of Rs 41,000 crore in Q2 FY25

MUMBAI: HDFC Bank reported an 8% year-on-year increase in advances, resulting in outstanding loans of Rs 1,915,400 crore at the end of July-September 2024 quarter. Deposits for the same period increased by 15% year-on-year to Rs 19.75 billion.
Advance growth during the quarter was 2.3%, which added Rs 41,000 crore to the loan book. This growth was driven by retail and commercial banking demand. This is the first quarter to match year-on-year growth as the balance sheets of HDFC and HDFC Bank have been merged from July 1, 2023.
Personal loans increased by Rs 33,800 crore during the quarter, taking total personal loans to Rs 7,020 crore. Commercial and rural bank loans increased by Rs 38,000 billion to reach Rs 571,000 billion. However, corporate and wholesale loans declined by Rs 13,300 billion, leaving the corporate loans outstanding at Rs 560,800 billion at the end of the quarter.
Deposits grew by 5.1% in the quarter, increasing by Rs 1,01,700 crore in the three months to September 2024. Fixed deposits amounted to Rs 1,396,000 crore, up 19.3% and 6.7% year-on-year. , or Rs 91,100 crore quarter-on-quarter. CASA deposits increased to Rs 579,000 crore, up 8% year-on-year and 2.3% (Rs 25,200 crore) quarter-on-quarter.
HDFC Bank’s average advances increased by 10.2% year-on-year to Rs 1,956.6 billion and average deposits increased by 15.4% to Rs 1,989.9 billion.
During the quarter, the Bank maintained a high liquidity coverage ratio of 127%. It has also securitized loans worth Rs 19,200 billion, taking the year-to-date total to Rs 24,600 billion.
The increase in prepayments was primarily driven by personal and commercial banks, while corporate lending declined. Term deposits outperformed CASA deposits.
Following the release of the business data, HDFC Bank’s share price fell by 0.55 per cent to trade at Rs 1,672 in early trade.

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