HDFC Bank, the country’s largest private sector financial institution, reported Rs 25.19 lakh crore as on September 30, 2024, compared to over Rs 23.54 lakh crore as on September 30, 2023, an increase of 7% .
HDFC Bank’s administrative advances (including advances on interbank participation certificates, rediscounts of bills, securitization/assignment, etc.) stood at Rs 26.33 crore as on September 30, an increase of about 8.0% from Rs 24.37 crore year-on-year. did. – Year (YoY).
The bank’s progress under management stood at over Rs 25.75 crore as on June 30, registering a growth of around 2.3%.
During the quarter, retail loans increased by around Rs 33,800 crore. Commercial and rural bank loans increased by about Rs 38,000 crore. HDFC Bank said in a BSE filing on October 4 that corporate and other wholesale loans have decreased by Rs 13,300 crore compared to June 30, 2024.
HDFC Bank has securitized or allocated loans worth Rs 19,200 crore (Rs 24,600 crore year-to-date) as a strategic initiative.
deposit
HDFC Bank’s deposits grew by 15.1% from Rs 21.73 crore in Q2FY24 to Rs 25 million in Q2FY25. Deposit growth as on June 30, 2024 was approximately 5.1% from Rs 2,379 crore.
CASA deposits at private financial institutions rose 8% year-on-year and 2.3% quarter-on-quarter to Rs 8.83 billion in the second quarter.
According to HDFC Bank, the liquidity coverage ratio (average) for the quarter was around 127%.
HDFC Bank Block Deal
HDFC Bank stock experienced a major block deal transaction on October 3, as Morgan Stanley and Citigroup bought 43.75 million shares of the private sector financial institution through open market transactions. The total transaction value amounted to Rs 755.29 million.
BNP Paribas Financial Markets, a division of BNP Paribas, sold the HDFC Bank shares included in the transaction at 1,726.2 pounds per share through two separate blocks on the BSE.
As of 9:45 am, HDFC Bank shares were trading 0.28 per cent lower at Rs 1,677.45 on the BSE.
