The loan portfolio of the country’s largest private lender, HDFC Bank, grew 16.4 percent year-on-year to 12.6 trillion rupees as of December 31, 2021 (T3FY22) from 10.8 trillion rupees a year ago. year. Sequentially, its advances increased 5.1% from 11.98 billion rupees in September 2020 (T2FY22).
Indian commercial banks, as a group, grew 7.3% (year-on-year) through mid-December 2021, according to data from the Reserve Bank of India (RBI).
HDFC Bank’s consumer loans increased by around 13.5% year-on-year and 4.5% from September 2021 based on its internal business classification.
Growth was strongest in the commercial and rural banking segment, which increased by around 29.5% from December 2020 and around 6% from September 2021, the bank said in a filing with of BSE.
The lender’s business and other wholesale loans increased by approximately 7.5% year-on-year and sequentially by approximately 4.5% from September 2021.
Housing Development Finance Corporation (HDFC) allocated (sold) loans in the amount of Rs 7,468 crore to HDFC Bank in the third quarter of fiscal 22, slightly over Rs 7,132 crore in the quarter of September (T2FY22).
Bank deposits increased 13.8% to 14.46 trillion rupees as of December 31, 2021, from $ 12.71 trillion a year ago and sequentially 2.8% from 14.06 trillion rupees in September 2021. Retail deposits grew by around 17% year-on-year and around 4 percent. cent from September 2021. Wholesale deposits increased 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. In sequence, growth was marginal compared to 46.8% in September 2021.