HDFC Bank Loan Portfolio Grows 16.4% to Rs 12.6 Trillion in December Quarter

The loan portfolio of the country’s largest private lender, HDFC Bank, increased by 16.4% year-on-year (YOY) to Rs 12.6 trillion as of December 31, 2021 (Q3FY22) from 10, 82 trillion rupees a year ago. Sequentially, its advances increased by 5.1% from 11.98 billion rupees in September 2020 (Q2FY22).

Commercial banks in India, as a group, recorded growth of 7.3% (year-on-year) through mid-December 2021, according to data from the Reserve Bank of India (RBI).

HDFC Bank’s retail lending was up approximately 13.5% year-on-year and 4.5% from September 2021 based on its internal business classification.

Traction for growth was strongest in the commercial and rural banking segment which grew by around 29.5% from December 2020 and around 6% from September 2021, the bank said in a statement. file with the BSE.

The lender’s corporate and other wholesale loans were up about 7.5% year-on-year and sequentially up about 4.5% from September 2021.

The Housing Development Finance Corporation (HDFC) issued (sold) loans amounting to Rs 7,468 crore to HDFC Bank in Q3FY22, slightly higher than Rs 7,132 crore in the September quarter (Q2FY22).

The bank’s deposits increased by 13.8% to 14.46 trillion rupees as of December 31, 2021, from 12.71 trillion rupees a year ago and sequentially by 2.8% from 14.06 trillion rupees in September 2021. Personal deposits grew by around 17% year-on-year and around 4 percent year-on-year. cent from September 2021. Wholesale deposits were up about 1% year-on-year.

The share of low-cost deposits – current account and savings account – stood at around 47% in December 2021, compared to 43% in December 2020. Sequentially, growth was marginal compared to 46.8% in September 2021.

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