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HDFC Bank’s Q2 Business Update Shows Loans Up 9.9% and Deposits Up 12.1%

The provisional figures will undergo a limited statutory review ahead of audited results on October 18.

Overview

  • Total advances reached Rs 27.69 lakh crore as of September 30, rising about 4% sequentially.
  • Period-end deposits were around Rs 28.01–28.02 lakh crore, up 12.1% year on year and 1.4% quarter on quarter.
  • CASA deposits stood at Rs 9.49 lakh crore, up 7.4% year on year, while average CASA was Rs 8.77 lakh crore with 8.5% growth.
  • Advances under management totaled Rs 28.69 lakh crore, increasing 8.9% year on year and 3.1% quarter on quarter.
  • HDFC Bank reported an average deposit base of Rs 27.10 lakh crore for the quarter, up 15.1% year on year, with time deposits growing 18.6%.