HDFC Bank Q4 update: Advances up 16.9%, deposits 20.8%

HDFC Bank`s advances climbed sixteen.nine percentage and deposits 20.eight percentage withinside the March area of the monetary 12 months 2022-23 from the 12 months-in the past length, the personal lender stated on April three.

The financial institution`s advances aggregated to round Rs sixteen lakh crore as of March 31, 2023, marking a increase of round sixteen.nine percentage from the 12 months-in the past length, the lender stated in an change filing.

As in line with the financial institution's inner commercial enterprise classification, home retail loans grew via way of means of 21 percentage on-12 months, even as company and different wholesale loans noticed an growth of 12.five percentage.

Deposits stood at Rs 18.eighty three lakh crore on the quit of FY23, round 20.eight percentage better from Rs 15.fifty nine lakh crore as of March 31, 2022, the Mumbai-founded financial institution stated.

Retail deposits improved via way of means of round 1.06 lakh crore at some point of the area, that's 23 percentage better than the 12 months-in the past length, the financial institution stated. Wholesale deposits grew via way of means of round 10 percentage over March 31, 2022, it added.

HDFC Bank's CASA (modern account and financial savings account) deposits aggregated to about Rs eight.36 lakh crore on the quit of FY23, up 11.three percentage from Rs 7.fifty one lakh crore withinside the 12 months-in the past length.

The CASA ratio stood at round forty four percentage on the quit of the fourth area, down from 48.2 percentage withinside the corresponding length of the preceding monetary 12 months.

HDFC Bank mentioned a internet income of Rs 12,698 crore in Q3 FY23, 19.nine percentage better than the 12 months-in the past length. Net hobby profits at some point of the area climbed 24.6 percentage YoY to Rs 22,987.eight crore.

In the primary buying and selling consultation of FY24, the financial institution's stocks ended flat at Rs 1,610 apiece.