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HDFC Bank on June 5, said it has registered 14.4% growth in its advances to over Rs 11.47 lakh crore as of June 30 this year. “The bank’s advances aggregated to approximately Rs 11,475 billion as of June 30, 2021, a growth of around 14.4% over Rs 10,033 billion as of June 30, 2020, and a growth of around 1.3% over Rs 11,328 billion as of March 31, 2021,” HDFC Bank said in a regulatory filing.
The private sector lender said it’s domestic retail loans by the end of the first quarter of the current fiscal moved up by 10.5 year-on-year, while the domestic wholesale loans grew by around 17%.
Among loan categories, retail loans grew by around 9% over June 30, 2020, and were lower by around 1% as compared to March 31, 2021.
Commercial and rural banking loans grew by around 25% over June 30, 2020, and around 4% over March this year. Other wholesale loans grew by around 10.5% over June last year and around 1.5% over March 2021.
Retail disbursements during Q1 FY22 stood at about Rs 43,600 crore (Rs 436 billion), 202% up from the year-ago period. However, it was down by 30% from Rs 62,500 crore (Rs 625 billion) during the quarter ended March 2021.
These retail disbursements included the home loans sourced from parent company HDFC Ltd.
On the deposit front, the bank witnessed 13.2% growth at Rs 13.46 lakh crore (Rs 13,460 billion) as of June 30, 2021. It was up by 0.8% from Rs 13.35 lakh crore (Rs 13,351 billion) in March 2021.
Retail deposits grew by around 16.5% year-on-year and around 3.5% over March, and wholesale deposits remained stable as compared to June last year, but were lower by around 10% from March this year, the bank said.
“During the quarter ended June 30, 2021, the bank purchased loans aggregating Rs 5,489 crore (Rs 54.89 billion) through the direct assignment route under the home loan arrangement with Housing Development Finance Corporation Limited,” it added.
Shares of HDFC Bank were trading at Rs 1500.95 apiece on BSE, up 1.35% from its previous close.