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This article is more than 2 year old.

HDFC Bank reports 19% growth in advances during second quarter

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The total deposit stood at Rs 10,215 billion on September 30 compared to last year’s Rs 8,334 billion.

HDFC Bank reports 19% growth in advances during second quarter
The HDFC Bank has reported a 19 percent growth in advances in the second quarter of the fiscal year. As per the disclosure made by the bank to the BSE and NSE in accordance to the Sebi regulations, the lenders total aggregated advances stood at Rs 8,970 billion on September 30, 2019 compared to Rs 7,508 billion on September 30, 2018.
The bank’s deposit volume to registers similar growth during the period. As per the lenders' submission, the total deposit stood at Rs 10,215 billion on September 30 compared to last year’s Rs 8,334 billion. Thus the total advances grew by approximately 22 percent.
The bank’s CASA ratio stood at around 39.2 percent as of September 30, as compared to 42 percent on September30, 2018 and 39.7 percent as on June 30, 2019. Further, by the end of the second quarter, the bank purchased loans aggregating Rs 71.60billion through the direct assignment route under the home loan arrangement with Housing Development Finance Corporation Limited.
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