Advertisement

Advertisement

Advertisement

Advertisement

HDFC Bank records 25% increase in deposits at Rs 11,895 crore

An India-based private lender, HDFC Bank on Sunday, recorded an increase of 25 percent in its Q1 FY21 deposit at Rs 11,895 crore as compared to Rs 9,546 crore as of June 30, 2019 (Rs 11,475 crore as of March 31, 2020).

In a filing with the exchange, HDFC bank said, “Its advance aggregated to approximately Rs 10,045 billion as of June 30, 2020, a growth of around 21% as compared to Rs 8,297 billion as of June 30, 2019 (Rs9,937 crore as of March 31, 2020).”

“The bank purchased loans during the quarter ended June 30, 2020, was at Rs 13.76 billion through the direct assignment route under the home loan arrangement with Housing Development Finance Corporation Ltd (HDFC), the filing added.

Adding to the filing the bank said, “Its CASA ratio stood at around 40% as of June 30, 2020, compared to 39.7% as of June 30, 2019, and 42.2% as pf March 31, 2020.”

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More