hdfc bank: HDFC Bank posts strong loan growth in September quarter
As per the Bank’s internal business classification, retail loans grew by around 13% over September quarter last year and 5.5% over June. Commercial and rural banking loans grew by around 27.5% year-on-year at the end of the September 2021 quarter while other wholesale loans grew by around 6%.
HDFC Bank’s total deposits aggregated to Rs 14.06 lakh crore at the end of September 30, 2021, a growth of around 14.4% over September last year.
Retail deposits grew by around 17.5% while wholesale deposits grew by around 2%. The bank’s current and savings account (CASA) deposits aggregated to Rs 6.5 lakh crore, a growth of around 28.6%.The Bank’s CASA ratio stood at around 47% as of September 30, 2021.