HDFC Bank’s second quarter (Q2) gross advances increased by 7% year-on-year (YoY) and 1.3% quarter-on-quarter (QoQ). As on September 30, 2024, a similar amount was reported at Rs 25.2 million.
On average, deposits rose 15.4% year-on-year and 3.1% quarter-on-quarter to Rs 235 billion.
HDFC Bank’s total unmanaged deliveries, including loans securitized or sold, stood at Rs 26.34 crore as at end-September 2024.
This represents an 8% increase from Rs 24.37 million in September 2023 and a 2.3% increase from Rs 25.75 million in June 2024.
Personal loans increased by Rs 33,800 billion and commercial and rural bank loans increased by Rs 38,000 billion during the quarter.
However, corporate and wholesale lending declined by Rs 13,300 crore compared to the previous quarter.
The bank’s total deposits stood at Rs 2.5 million as of end-September 2024, up 15.1% YoY from Rs 21.73 billion in June 2024 and Rs 5.1 billion from Rs 23.79 billion in June 2024. % increase.
CASA (current account) deposits rose 8% year-on-year to Rs 8.84 billion, but grew only 2.3% quarter-on-quarter.
Fixed deposits grew 19.3% year-on-year to Rs 16.17 crore, up 6.7% from Rs 15.16 crore in the previous quarter.
On average, HDFC Bank’s advances in Q2 stood at Rs 25.63 crore, reflecting 10.2% year-on-year growth and 1.2% quarter-on-quarter growth.
Average deposits increased by 15.4% year-on-year to Rs 23.53 lakh crore and by 3.1% from the previous quarter.
Average CASA deposits for the quarter were Rs 8.08 billion, up 7.3% year-on-year, but down marginally by 0.3% compared to the previous quarter.
HDFC Bank maintained a healthy liquidity coverage ratio (LCR) averaging 127% for the quarter, indicating strong liquidity management.
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