HDFC Bank reports loan growth of 15.8% in the first quarter
On July 1, HDFC Ltd merged with HDFC Bank, creating the largest private sector lender.
New Delhi:
Private sector lender HDFC Bank said on Wednesday it recorded a 15.8% increase in loans to Rs 16,15,500 crore in the first quarter of the current financial year.
The credit book stood at Rs 13,95,000 crore as of June 30 last year.
Gross transfers through interbank participation certificates and rediscounted bills, the bank’s advances were up 20.2% from June 30, 2022, HDFC Bank said in a regulatory filing.
The bank’s deposits stood at around Rs 19,13,000 crore as of June 30, 2023, a growth of around 19.2 percent from Rs 16,05,000 crore as of June 30 last year, a- he added.
From April to June 2022, the bank purchased loans totaling Rs. he declared.
On July 1, HDFC Ltd merged with HDFC Bank, creating the largest private sector lender.
The merged entity’s gross advances stood at approximately Rs 22,45,000 crore as of June 30, 2023, a growth of 13.1% from Rs 19,85,900 crore in the same period last year.
Regarding the deposit, he said, it stood at around Rs 20,63,500 crore as of June 30, 2023, registering an increase of 16.2% from Rs 17,76,000 crore in the same period. one year ago.
(Except for the title, this story has not been edited by NDTV staff and is published from a syndicated feed.)
ndtv
