HDFC Bank’s advances, deposits rise

HDFC Bank's advances registered nearly 14% growth by end of March at ₹11.32 lakh crore, while deposits were up by over 16% at ₹13.35 lakh crore, the lender said on Monday. "The bank's adv

HDFC Bank's advances registered nearly 14% growth by end of March at ₹11.32 lakh crore, while deposits were up by over 16% at ₹13.35 lakh crore, the lender said on Monday. "The bank's advances aggregated to approximately ₹11.32 lakh crore as of March 31, 2021, a growth of around 13.9% % over ₹9.93 lakh crore as of March 31, 2020, and a growth of around 4.6% over ₹10.82 lakh crore as of December 31, 2020,” HDFC Bank said in a filing. The domestic retail loans at end of March 2021, were up by around 7.5 % and the domestic wholesale loans grew by around 21 % year-on-year, said the private sector lender. On the deposits’ front, it witnessed around 16.3% growth on the year at ₹13.35 lakh crore. The CASA (current account and savings account) deposits grew by around 27 % to approximately ₹ 6.15 lakh crore, from the corresponding period a year ago, said the lender.